Mastercard Incorporated (NYSE:MA) Receives $422.94 Consensus Price Target from Analysts

Shares of Mastercard Incorporated (NYSE:MAGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $421.47.

A number of analysts recently commented on MA shares. The Goldman Sachs Group started coverage on shares of Mastercard in a research note on Tuesday, May 17th. They issued a “buy” rating and a $460.00 target price for the company. Citigroup lowered their target price on shares of Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. Barclays decreased their price objective on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Mizuho decreased their price objective on shares of Mastercard from $435.00 to $375.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $400.00 to $430.00 in a research note on Friday, April 29th.

In other news, insider Raj Seshadri sold 7,000 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $367.68, for a total transaction of $2,573,760.00. Following the completion of the sale, the insider now owns 10,439 shares of the company’s stock, valued at $3,838,211.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $329.93, for a total transaction of $35,080,137.18. Following the sale, the insider now directly owns 104,054,624 shares of the company’s stock, valued at approximately $34,330,742,096.32. The disclosure for this sale can be found here. In the last three months, insiders sold 325,982 shares of company stock valued at $107,912,260. 0.33% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. New World Advisors LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $446,000. MFA Wealth Advisors LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $59,000. Willis Investment Counsel lifted its position in Mastercard by 20.8% in the third quarter. Willis Investment Counsel now owns 21,320 shares of the credit services provider’s stock valued at $7,413,000 after buying an additional 3,678 shares during the last quarter. Gyon Technologies Capital Management LP acquired a new position in Mastercard in the third quarter valued at about $385,000. Finally, Wealthsource Partners LLC lifted its position in Mastercard by 5.0% in the third quarter. Wealthsource Partners LLC now owns 4,537 shares of the credit services provider’s stock valued at $1,577,000 after buying an additional 218 shares during the last quarter. 74.94% of the stock is owned by institutional investors and hedge funds.

MA stock opened at $318.24 on Friday. The firm has a 50 day moving average of $339.63 and a 200 day moving average of $352.05. The stock has a market capitalization of $309.53 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.95. Mastercard has a 52 week low of $303.65 and a 52 week high of $399.92.

Mastercard (NYSE:MAGet Rating) last released its earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. Mastercard’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the business earned $1.74 EPS. On average, equities research analysts expect that Mastercard will post 10.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is presently 20.40%.

About Mastercard (Get Rating)

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 other payment-related products and services.

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Analyst Recommendations for Mastercard (NYSE:MA)

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