Mastercard (NYSE:MA) Trading 0% Higher After Analyst Upgrade

Shares of Mastercard Incorporated (NYSE:MA) traded up 0% during trading on Friday after TD Cowen raised their price target on the stock from $533.00 to $567.00. TD Cowen currently has a buy rating on the stock. Mastercard traded as high as $523.39 and last traded at $520.42. 618,952 shares changed hands during trading, a decline of 75% from the average session volume of 2,444,075 shares. The stock had previously closed at $520.40.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. dropped their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna boosted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.12 % decrease in their position. 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 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,370 shares of company stock worth $97,749,218 in the last quarter. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

A number of institutional investors and hedge funds have recently made changes to their positions in MA. International Assets Investment Management LLC increased its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after buying an additional 1,965,782 shares in the last quarter. Swedbank AB purchased a new stake in shares of Mastercard in the 1st quarter valued at $660,652,000. PineStone Asset Management Inc. lifted its stake in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares in the last quarter. Finally, FMR LLC boosted its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $479.01 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10. The firm has a 50-day simple moving average of $503.18 and a two-hundred day simple moving average of $470.59.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

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.