Mastercard (NYSE:MA) Stock Price Expected to Rise, Macquarie Analyst Says

Mastercard (NYSE:MA) had its price objective hoisted by Macquarie from $505.00 to $565.00 in a research note released on Friday morning, Benzinga reports. Macquarie currently has an outperform rating on the credit services provider’s stock.

Several other analysts have also commented on MA. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a research report on Tuesday, September 3rd. Citigroup lifted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird raised their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $537.92.

Mastercard Price Performance

NYSE:MA traded up $8.49 during trading hours on Friday, hitting $508.08. The company’s stock had a trading volume of 3,753,713 shares, compared to its average volume of 2,450,197. The company has a market capitalization of $469.38 billion, a PE ratio of 38.86, a PEG ratio of 2.27 and a beta of 1.10. Mastercard has a 52-week low of $378.48 and a 52-week high of $527.90. The business’s 50-day moving average is $495.77 and its two-hundred day moving average is $466.84. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.39 EPS. As a group, research analysts anticipate that Mastercard will post 14.33 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mastercard

A number of large investors have recently bought and sold shares of MA. Highline Wealth Partners LLC bought a new position in Mastercard during the 3rd quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the second quarter worth $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter valued at about $35,000. Finally, First Personal Financial Services acquired a new position in shares of Mastercard during the third quarter worth approximately $39,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

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.