Mastercard (NYSE:MA) Price Target Raised to $610.00

by · The Markets Daily

Mastercard (NYSE:MA – Free Report) had its price target raised by Jefferies Financial Group from $590.00 to $610.00 in a report released on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the credit services provider’s stock.

Other equities research analysts have also issued reports about the company. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective on the stock. Bank of America upped their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $559.28.

Get Our Latest Analysis on Mastercard

Mastercard Trading Up 1.0 %

Shares of MA stock opened at $534.45 on Monday. Mastercard has a 1-year low of $411.60 and a 1-year high of $535.89. The company has a market cap of $490.53 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50 day simple moving average of $515.08 and a 200-day simple moving average of $479.86.

Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the business posted $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Mastercard

Hedge funds and other institutional investors have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC grew its holdings in shares of Mastercard by 5.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 655 shares of the credit services provider’s stock valued at $324,000 after purchasing an additional 31 shares in the last quarter. American Trust grew its stake in shares of Mastercard by 13.8% in the third quarter. American Trust now owns 11,157 shares of the credit services provider’s stock worth $5,509,000 after acquiring an additional 1,352 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Mastercard by 4.2% during the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after acquiring an additional 304,293 shares during the period. Synovus Financial Corp raised its stake in shares of Mastercard by 13.2% in the third quarter. Synovus Financial Corp now owns 41,645 shares of the credit services provider’s stock valued at $20,563,000 after acquiring an additional 4,843 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Mastercard by 30.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 75,960 shares of the credit services provider’s stock valued at $37,509,000 after purchasing an additional 17,648 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Company Profile

(Get Free Report)

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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