Mizuho Cuts Mastercard (NYSE:MA) Price Target to $478.00

Mastercard (NYSE:MA) had its price target lowered by analysts at Mizuho from $480.00 to $478.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Mizuho’s price objective suggests a potential upside of 8.07% from the company’s current price.

Several other research firms have also recently commented on MA. Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird upped their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. KeyCorp boosted their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $490.14.

Mastercard Price Performance

Shares of MA opened at $442.30 on Thursday. The business has a 50-day moving average of $470.78 and a 200-day moving average of $437.42. Mastercard has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $412.62 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the firm posted $2.65 EPS. As a group, equities research analysts anticipate that Mastercard will post 14.35 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 467,088 shares of company stock worth $215,249,338. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Mastercard by 6.7% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,740 shares of the credit services provider’s stock valued at $838,000 after purchasing an additional 110 shares in the last quarter. Crown Wealth Group LLC lifted its stake in Mastercard by 40.4% in the first quarter. Crown Wealth Group LLC now owns 751 shares of the credit services provider’s stock worth $362,000 after purchasing an additional 216 shares during the last quarter. Lewis Asset Management LLC purchased a new stake in Mastercard during the first quarter valued at about $208,000. Moloney Securities Asset Management LLC grew its stake in shares of Mastercard by 1.2% during the first quarter. Moloney Securities Asset Management LLC now owns 4,020 shares of the credit services provider’s stock valued at $1,936,000 after buying an additional 49 shares during the last quarter. Finally, ESG Planning DBA Harper Investing bought a new position in shares of Mastercard during the first quarter valued at about $385,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

About Mastercard

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.