Mastercard Incorporated (NYSE:MA) Receives $525.68 Average PT from Analysts

Shares of Mastercard Incorporated (NYSE:MA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-five ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $525.68.

Several equities analysts have recently weighed in on MA shares. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Compass Point started coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a "neutral" rating and a $525.00 price target for the company. BMO Capital Markets restated an "outperform" rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. KeyCorp increased their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Piper Sandler boosted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last ninety days. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MA. First Trust Direct Indexing L.P. increased its holdings in shares of Mastercard by 14.2% during the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider's stock valued at $9,897,000 after acquiring an additional 2,556 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard in the first quarter worth about $608,000. SteelPeak Wealth LLC lifted its holdings in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. Sarasin & Partners LLP boosted its position in Mastercard by 2.2% in the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider's stock valued at $353,897,000 after buying an additional 15,756 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Mastercard in the 1st quarter worth approximately $2,938,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.4 %

Shares of Mastercard stock traded down $1.99 on Tuesday, reaching $513.02. The company's stock had a trading volume of 1,855,681 shares, compared to its average volume of 2,438,906. Mastercard has a 52 week low of $359.77 and a 52 week high of $518.82. The firm's fifty day simple moving average is $488.09 and its two-hundred day simple moving average is $464.33. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $476.91 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts anticipate that Mastercard will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard's dividend 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.