Mastercard Incorporated (NYSE:MA) Receives $647.89 Average Price Target from Brokerages

Mastercard Incorporated (NYSE:MA) has received an average rating of “Buy” from the thirty ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $649.2593.

Several analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Truist Financial lowered their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday. Tigress Financial upped their price target on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Finally, Macquarie boosted their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st.

Mastercard Stock Down 0.2%

Shares of Mastercard stock opened at $551.98 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market cap of $499.00 billion, a P/E ratio of 37.22, a PEG ratio of 2.27 and a beta of 0.92. The company’s fifty day simple moving average is $572.24 and its two-hundred day simple moving average is $568.95.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Research analysts anticipate that Mastercard will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently added to or reduced their stakes in MA. VeraBank N.A. raised its stake in shares of Mastercard by 1.3% in the third quarter. VeraBank N.A. now owns 3,824 shares of the credit services provider’s stock worth $2,175,000 after purchasing an additional 50 shares during the last quarter. Burling Wealth Partners LLC increased its holdings in Mastercard by 8.6% in the 3rd quarter. Burling Wealth Partners LLC now owns 19,369 shares of the credit services provider’s stock worth $11,017,000 after buying an additional 1,532 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Mastercard by 1.7% in the 3rd quarter. King Luther Capital Management Corp now owns 170,013 shares of the credit services provider’s stock worth $96,705,000 after buying an additional 2,853 shares in the last quarter. Harold Davidson & Associates Inc. raised its position in Mastercard by 57.6% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 7,078 shares of the credit services provider’s stock worth $4,026,000 after buying an additional 2,586 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd lifted its stake in Mastercard by 2.8% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,378,646 shares of the credit services provider’s stock valued at $784,188,000 after acquiring an additional 38,134 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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.