Mastercard Incorporated (NYSE:MA) Receives $512.09 Consensus Target Price from Analysts

Mastercard Incorporated (NYSE:MA) has been assigned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $510.88.

A number of equities analysts have issued reports on MA shares. Citigroup increased their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Piper Sandler lifted their price objective on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the transaction, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Insiders sold 1,282,931 shares of company stock valued at $583,107,432 over the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Mastercard

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after purchasing an additional 330,872 shares during the last quarter. Capital International Investors lifted its position in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after acquiring an additional 43,881 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth about $4,595,559,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.2 %

Mastercard stock opened at $483.14 on Monday. The firm has a 50 day simple moving average of $454.87 and a 200-day simple moving average of $459.41. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $446.34 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. Mastercard has a 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is 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.