Mastercard (NYSE:MA) Coverage Initiated by Analysts at Truist Financial

Truist Financial began coverage on shares of Mastercard (NYSE:MA) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $640.00 target price on the credit services provider’s stock.

Several other brokerages have also recently issued reports on MA. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group upped their target price on Mastercard from $630.00 to $655.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. UBS Group upped their target price on Mastercard from $640.00 to $660.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Wells Fargo & Company upped their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $609.66.

Mastercard Stock Down 0.9%

NYSE MA opened at $580.56 on Monday. The business has a fifty day moving average price of $544.56 and a 200 day moving average price of $540.21. Mastercard has a one year low of $428.86 and a one year high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $529.30 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 EPS. Research analysts anticipate that Mastercard will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $31,000. Finally, Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $31,000. Institutional investors and hedge funds 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.