Jefferies Financial Group Raises Mastercard (NYSE:MA) Price Target to $430.00

Mastercard (NYSE:MAGet Rating) had its target price increased by Jefferies Financial Group from $370.00 to $430.00 in a research report released on Wednesday morning, The Fly reports. The firm currently has a buy rating on the credit services provider’s stock. Jefferies Financial Group also issued estimates for Mastercard’s Q4 2022 earnings at $2.58 EPS, FY2022 earnings at $10.58 EPS, Q1 2023 earnings at $2.79 EPS, Q2 2023 earnings at $3.05 EPS, Q3 2023 earnings at $3.26 EPS, Q4 2023 earnings at $3.09 EPS, FY2023 earnings at $12.18 EPS and FY2024 earnings at $14.08 EPS.

MA has been the subject of several other research reports. UBS Group cut their price target on Mastercard from $456.00 to $441.00 and set a buy rating for the company in a research note on Thursday, December 15th. Keefe, Bruyette & Woods cut their price target on Mastercard from $445.00 to $388.00 in a research note on Monday, October 10th. Raymond James cut their price target on Mastercard from $417.00 to $406.00 and set an outperform rating for the company in a research note on Tuesday, October 18th. Royal Bank of Canada cut their price target on Mastercard from $400.00 to $392.00 and set an outperform rating for the company in a research note on Friday, October 28th. Finally, Truist Financial cut their price target on Mastercard from $440.00 to $400.00 and set a buy rating for the company in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $405.23.

Mastercard Stock Up 2.3 %

Shares of NYSE:MA opened at $376.28 on Wednesday. The company has a market capitalization of $361.78 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $353.48 and a two-hundred day moving average price of $334.42. Mastercard has a 1 year low of $276.87 and a 1 year high of $399.92.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.11. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. Analysts forecast that Mastercard will post 10.58 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $2.28 annualized dividend and a dividend yield of 0.61%. This is a boost from Mastercard’s previous quarterly dividend of $0.49. Mastercard’s dividend payout ratio (DPR) is presently 22.78%.

Insider Activity

In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the transaction, the insider now directly owns 11,207 shares in the company, valued at approximately $3,586,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the transaction, the insider now directly owns 11,207 shares in the company, valued at approximately $3,586,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 177,211 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $319.89, for a total value of $56,688,026.79. Following the transaction, the insider now owns 102,566,047 shares in the company, valued at $32,809,852,774.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 367,819 shares of company stock worth $117,733,271. 0.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mastercard

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Wealth Strategies & Associates bought a new position in Mastercard during the 4th quarter worth approximately $25,000. Grayhawk Investment Strategies Inc. bought a new position in Mastercard during the 2nd quarter worth approximately $31,000. EWG Elevate Inc. bought a new position in Mastercard during the 4th quarter worth approximately $27,000. Coston McIsaac & Partners bought a new position in Mastercard during the 2nd quarter worth approximately $25,000. Finally, My Personal CFO LLC bought a new position in Mastercard during the 4th quarter worth approximately $29,000. 74.51% of the stock is currently owned by institutional investors.

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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