Mastercard (NYSE:MA) Price Target Lowered to $427.00 at Barclays

Mastercard (NYSE:MAGet Rating) had its price target decreased by Barclays from $428.00 to $427.00 in a report published on Monday, Benzinga reports. Barclays currently has an overweight rating on the credit services provider’s stock.

A number of other equities research analysts also recently commented on MA. Robert W. Baird lifted their target price on shares of Mastercard from $370.00 to $410.00 and gave the stock an outperform rating in a research report on Monday. Wolfe Research lifted their target price on shares of Mastercard from $395.00 to $415.00 in a research report on Thursday, January 5th. Raymond James cut their target price on shares of Mastercard from $417.00 to $406.00 and set an outperform rating for the company in a research report on Tuesday, October 18th. Credit Suisse Group lifted their target price on shares of Mastercard from $370.00 to $390.00 and gave the stock an outperform rating in a research report on Friday, October 28th. Finally, Moffett Nathanson cut their price objective on shares of Mastercard to $420.00 in a research report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $406.73.

Mastercard Price Performance

Shares of MA opened at $378.57 on Monday. The company has a market capitalization of $363.98 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.11. The firm has a 50 day moving average of $354.26 and a 200 day moving average of $335.01. Mastercard has a twelve month low of $276.87 and a twelve month high of $399.92.

Mastercard (NYSE:MAGet Rating) last posted its earnings results on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.11. Mastercard had a net margin of 45.22% and a return on equity of 148.94%. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion. As a group, equities research analysts anticipate that Mastercard will post 10.56 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be paid a $0.57 dividend. The ex-dividend date is Friday, January 6th. This represents a $2.28 annualized dividend and a yield of 0.60%. This is a boost from Mastercard’s previous quarterly dividend of $0.49. Mastercard’s payout ratio is presently 22.78%.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the sale, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $318.14, for a total value of $56,377,907.54. Following the sale, the insider now directly owns 102,211,625 shares in the company, valued at approximately $32,517,606,377.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total transaction of $2,406,856.65. Following the completion of the sale, the insider now owns 41,314 shares in the company, valued at $15,701,385.70. The disclosure for this sale can be found here. Insiders have sold a total of 367,819 shares of company stock worth $117,733,271 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Mastercard

A number of large investors have recently made changes to their positions in the business. Cottonwood Capital Advisors LLC grew its holdings in Mastercard by 5.0% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 1,249 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 59 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings in Mastercard by 6.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,352 shares of the credit services provider’s stock valued at $742,000 after purchasing an additional 147 shares during the last quarter. Well Done LLC grew its holdings in Mastercard by 9.0% during the 2nd quarter. Well Done LLC now owns 884 shares of the credit services provider’s stock valued at $279,000 after purchasing an additional 73 shares during the last quarter. Aries Wealth Management bought a new position in Mastercard during the 2nd quarter valued at about $387,000. Finally, Van ECK Associates Corp grew its holdings in Mastercard by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 135,993 shares of the credit services provider’s stock valued at $38,668,000 after purchasing an additional 6,905 shares during the last quarter. 74.51% of the stock is currently owned by institutional investors.

About Mastercard

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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