Mastercard (MA) Hits New 12-Month High at $218.69
Mastercard Inc (NYSE:MA) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $218.69 and last traded at $217.93, with a volume of 151017 shares changing hands. The stock had previously closed at $214.54.
Several research analysts have recently commented on MA shares. SunTrust Banks lifted their price target on shares of Mastercard to $240.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Wolfe Research began coverage on shares of Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Buckingham Research boosted their target price on shares of Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Finally, Loop Capital boosted their target price on shares of Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $208.56.
The stock has a market capitalization of $221.66 billion, a P/E ratio of 47.62, a PEG ratio of 1.75 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $477,000. Montag A & Associates Inc. bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $724,000. Motley Fool Asset Management LLC raised its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Motley Fool Asset Management LLC now owns 106,668 shares of the credit services provider’s stock worth $20,962,000 after purchasing an additional 1,324 shares in the last quarter. Buckley Wealth Management LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $803,000. Finally, Cetera Investment Advisers raised its holdings in shares of Mastercard by 7.2% in the 1st quarter. Cetera Investment Advisers now owns 8,434 shares of the credit services provider’s stock worth $1,488,000 after purchasing an additional 566 shares in the last quarter. Institutional investors own 74.43% of the company’s stock.
About Mastercard (NYSE:MA)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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