Mastercard (NYSE:MA) Cut to “Neutral” at BNP Paribas

Mastercard (NYSE:MA) was downgraded by equities research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They presently have a $470.00 price target on the credit services provider’s stock. BNP Paribas’ target price would indicate a potential downside of 2.72% from the stock’s current price.

Several other research analysts have also commented on the stock. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Citigroup lifted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. 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. Royal Bank of Canada lifted their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Stock Up 0.2 %

NYSE MA opened at $483.14 on Tuesday. 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 fifty day moving average of $454.87 and a two-hundred day moving average of $459.41. The firm has a market capitalization of $446.34 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 1.90 and a beta of 1.09. Mastercard has a 52 week low of $359.77 and a 52 week high of $490.00.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the transaction, the insider now directly owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the transaction, the insider now directly owns 92,998,308 shares in the company, valued at $41,256,839,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s 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 transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,282,931 shares of company stock worth $583,107,432. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

Large investors have recently modified their holdings of the business. Westend Capital Management LLC purchased a new stake in shares of Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC boosted its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Mastercard in the fourth quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.