Mastercard (NYSE:MA) PT Lowered to $510.00

Mastercard (NYSE:MA) had its target price decreased by JPMorgan Chase & Co. from $520.00 to $510.00 in a report issued on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the credit services provider’s stock.

A number of other equities analysts have also recently issued reports on MA. Oppenheimer restated an outperform rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Robert W. Baird raised their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a report on Thursday, April 18th. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a buy rating and a $545.00 price target for the company. Raymond James increased their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada raised their target price on Mastercard from $432.00 to $499.00 and gave the company an outperform rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $493.55.

Mastercard Price Performance

MA stock opened at $443.58 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company’s fifty day simple moving average is $469.57 and its 200 day simple moving average is $438.31. Mastercard has a 12-month low of $357.85 and a 12-month high of $490.00. The firm has a market cap of $413.81 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.72 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, analysts expect that Mastercard will post 14.22 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hoxton Planning & Management LLC increased its stake in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after buying an additional 23 shares in the last quarter. Benin Management CORP raised its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the period. Atticus Wealth Management LLC lifted its position in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors 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.