Mastercard (NYSE:MA) Price Target Cut to $420.00 by Analysts at Mizuho

Mastercard (NYSE:MA) had its target price reduced by Mizuho from $435.00 to $420.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

A number of other brokerages also recently issued reports on MA. BMO Capital Markets decreased their price target on shares of Mastercard from $488.00 to $472.00 and set an outperform rating for the company in a research note on Friday, October 27th. Seaport Res Ptn restated a buy rating on shares of Mastercard in a research report on Thursday, October 12th. Morgan Stanley reduced their price objective on shares of Mastercard from $443.00 to $439.00 and set an overweight rating for the company in a research report on Friday, October 27th. The Goldman Sachs Group boosted their price objective on shares of Mastercard from $442.00 to $452.00 in a research report on Thursday, July 13th. Finally, KeyCorp reduced their price objective on shares of Mastercard from $440.00 to $430.00 and set an overweight rating for the company in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $448.78.

Mastercard Trading Up 1.1 %

Shares of MA stock opened at $376.35 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $354.60 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09. The company has a 50 day moving average price of $400.67 and a 200 day moving average price of $390.09. Mastercard has a fifty-two week low of $308.60 and a fifty-two week high of $418.60.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter in the previous year, the business posted $2.68 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts predict that Mastercard will post 12.15 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Monday, October 9th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

Insider Transactions at Mastercard

In related news, insider Timothy H. Murphy sold 7,419 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $397.28, for a total value of $2,947,420.32. Following the sale, the insider now directly owns 39,007 shares of the company’s stock, valued at approximately $15,496,700.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $398.72, for a total value of $50,165,355.52. Following the sale, the insider now directly owns 99,179,117 shares of the company’s stock, valued at approximately $39,544,697,530.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Timothy H. Murphy sold 7,419 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the completion of the transaction, the insider now owns 39,007 shares in the company, valued at $15,496,700.96. The disclosure for this sale can be found here. Insiders have sold a total of 407,608 shares of company stock valued at $161,801,808 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in Mastercard by 4.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 261,025 shares of the credit services provider’s stock valued at $103,342,000 after purchasing an additional 10,106 shares in the last quarter. Wright Investors Service Inc. lifted its holdings in Mastercard by 16.9% in the 3rd quarter. Wright Investors Service Inc. now owns 5,609 shares of the credit services provider’s stock valued at $2,221,000 after purchasing an additional 810 shares in the last quarter. Allworth Financial LP lifted its holdings in Mastercard by 8.9% in the 3rd quarter. Allworth Financial LP now owns 29,792 shares of the credit services provider’s stock valued at $11,795,000 after purchasing an additional 2,446 shares in the last quarter. Tower View Wealth Management LLC lifted its holdings in shares of Mastercard by 5.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 602 shares of the credit services provider’s stock worth $238,000 after acquiring an additional 33 shares during the period. Finally, Manhattan West Asset Management LLC purchased a new position in shares of Mastercard during the 3rd quarter worth about $631,000. 74.94% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Company Profile

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.