Mastercard Incorporated (NYSE:MA) Receives $396.35 Consensus Price Target from Analysts

Shares of Mastercard Incorporated (NYSE:MAGet Rating) have received an average rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $396.35.

A number of equities analysts have weighed in on MA shares. Robert W. Baird decreased their price target on shares of Mastercard from $416.00 to $370.00 in a report on Tuesday, October 11th. Macquarie decreased their price target on shares of Mastercard from $440.00 to $410.00 in a report on Friday, July 29th. Wells Fargo & Company reduced their target price on shares of Mastercard from $400.00 to $365.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. StockNews.com started coverage on shares of Mastercard in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BMO Capital Markets lifted their target price on shares of Mastercard from $402.00 to $422.00 in a report on Monday, August 1st.

Mastercard Stock Up 1.1 %

Shares of MA opened at $348.64 on Tuesday. The firm has a market cap of $335.20 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The company’s fifty day moving average is $311.98 and its two-hundred day moving average is $328.23. Mastercard has a fifty-two week low of $276.87 and a fifty-two week high of $399.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.11.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Friday, October 7th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 6th. Mastercard’s payout ratio is currently 19.58%.

Insider Activity

In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard 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 completion of the sale, the insider now owns 11,207 shares in the company, valued at approximately $3,586,240. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard stock in a transaction that occurred on 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 sale, the insider now directly owns 11,207 shares in the company, valued at $3,586,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total value of $56,377,907.54. Following the completion of the sale, the insider now directly owns 102,211,625 shares in the company, valued at $32,517,606,377.50. The disclosure for this sale can be found here. Insiders sold a total of 361,486 shares of company stock valued at $115,326,414 in the last ninety days. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Mastercard by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 77,259,535 shares of the credit services provider’s stock worth $21,967,977,000 after acquiring an additional 568,155 shares during the period. State Street Corp lifted its holdings in Mastercard by 0.4% in the third quarter. State Street Corp now owns 33,865,057 shares of the credit services provider’s stock valued at $9,629,190,000 after acquiring an additional 138,753 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Mastercard by 13.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 26,909,008 shares of the credit services provider’s stock valued at $8,489,253,000 after purchasing an additional 3,102,135 shares during the period. Capital International Investors increased its position in shares of Mastercard by 9.7% during the first quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock worth $5,796,675,000 after acquiring an additional 1,430,200 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Mastercard by 47.5% during the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after acquiring an additional 5,053,394 shares during the period. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

About Mastercard

(Get Rating)

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.

Read More

Analyst Recommendations for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.