Mastercard (NYSE:MA) Given New $385.00 Price Target at Mizuho

Mastercard (NYSE:MAGet Rating) had its target price increased by Mizuho from $375.00 to $385.00 in a report published on Friday, The Fly reports. Mizuho currently has a buy rating on the credit services provider’s stock.

Several other brokerages also recently commented on MA. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $420.00 to $440.00 in a report on Friday, April 29th. Wolfe Research dropped their target price on Mastercard from $465.00 to $415.00 in a report on Wednesday, July 20th. The Goldman Sachs Group started coverage on Mastercard in a report on Tuesday, May 17th. They set a buy rating and a $460.00 target price on the stock. Wells Fargo & Company dropped their target price on Mastercard from $450.00 to $400.00 and set an overweight rating on the stock in a report on Wednesday, July 13th. Finally, StockNews.com started coverage on Mastercard in a report on Thursday, March 31st. They set a hold rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $414.78.

Mastercard Stock Performance

NYSE MA opened at $350.54 on Friday. The firm has a market capitalization of $340.95 billion, a P/E ratio of 35.52, a P/E/G ratio of 1.68 and a beta of 1.04. Mastercard has a 1-year low of $303.65 and a 1-year high of $399.92. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day simple moving average is $335.21 and its 200-day simple moving average is $347.89.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.20. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.26 billion. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. Equities analysts predict that Mastercard will post 10.64 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, July 7th. This represents a $1.96 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio is currently 19.86%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 106,326 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total transaction of $34,847,283.24. Following the completion of the transaction, the insider now owns 103,841,972 shares in the company, valued at approximately $34,033,167,903.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 318,982 shares of company stock worth $105,338,500 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Mastercard by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock worth $27,168,493,000 after acquiring an additional 5,868,493 shares during the period. State Street Corp raised its stake in shares of Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after buying an additional 1,511,927 shares in the last quarter. Capital International Investors raised its stake in shares of Mastercard by 9.7% in the 1st quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock worth $5,796,675,000 after buying an additional 1,430,200 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Mastercard by 47.5% in the 1st quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after buying an additional 5,053,394 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Mastercard by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock worth $5,429,311,000 after buying an additional 421,767 shares in the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.

Mastercard Company Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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