Mastercard Incorporated (NYSE:MA – Get Free Report) 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.
Check Out Our Latest Research Report on MA
Insider Buying and Selling
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.
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