Mastercard (NYSE:MA) Price Target Raised to $654.00

Mastercard (NYSE:MA) had its target price upped by Royal Bank Of Canada from $645.00 to $654.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

A number of other analysts have also recently weighed in on the stock. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Truist Financial set a $638.00 target price on shares of Mastercard in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Buy” and an average target price of $647.89.

Mastercard Stock Performance

NYSE MA opened at $552.59 on Friday. The firm’s fifty day moving average price is $576.43 and its two-hundred day moving average price is $568.44. The stock has a market cap of $499.54 billion, a PE ratio of 37.26, a PEG ratio of 2.27 and a beta of 0.97. Mastercard has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. On average, equities analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Institutional Trading of Mastercard

A number of large investors have recently bought and sold shares of the business. ORG Partners LLC raised its holdings in shares of Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its holdings in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the last quarter. Curio Wealth LLC raised its holdings in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Wheelhouse Advisory Group LLC raised its holdings in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after acquiring an additional 56 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its holdings in shares of Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after acquiring an additional 264 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

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.