Mastercard (NYSE:MA) PT Raised to $509.00 at Bank of America

Mastercard (NYSE:MA) had its target price boosted by Bank of America from $480.00 to $509.00 in a report released on Tuesday, Benzinga reports. Bank of America currently has a neutral rating on the credit services provider’s stock.

Other research analysts have also recently issued reports about the company. Citigroup upped their price objective on Mastercard from $528.00 to $538.00 and gave the stock a buy rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a strong-buy rating in a research note on Wednesday, July 31st. KeyCorp boosted their price objective 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. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a neutral rating and a $525.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an overweight rating in a research note on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $512.08.

Mastercard Stock Down 0.1 %

Shares of MA opened at $492.63 on Tuesday. The company’s 50-day simple moving average is $466.24 and its 200-day simple moving average is $461.15. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard has a 1 year low of $359.77 and a 1 year high of $501.80. The stock has a market capitalization of $457.96 billion, a PE ratio of 39.16, a P/E/G ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm 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%. Analysts forecast that Mastercard will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The disclosure for this sale can be found here. Insiders have sold a total of 605,124 shares of company stock worth $280,045,189 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the 1st quarter valued at $27,000. Scarborough Advisors LLC acquired a new position in Mastercard in the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Mastercard during the fourth quarter worth $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.