Analysts Set Mastercard Incorporated (NYSE:MA) Price Target at $512.09

Mastercard Incorporated (NYSE:MA) has received an average rating of “Moderate Buy” from the twenty-eight brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $510.88.

Several analysts recently commented on MA shares. Barclays lifted their target price on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. TD Cowen lifted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the completion of the transaction, the insider now directly owns 93,226,308 shares in the company, valued at approximately $41,494,097,427.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the sale, the insider now directly owns 93,226,308 shares in the company, valued at $41,494,097,427.72. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

A number of institutional investors have recently added to or reduced their stakes in MA. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC boosted its stake in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $28,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $476.28 on Monday. The company has a market capitalization of $442.76 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day simple moving average of $456.26 and a 200 day simple moving average of $459.59. Mastercard has a 52 week low of $359.77 and a 52 week high of $490.00.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.