Mastercard (NYSE:MA) PT Lowered to $427.00

Mastercard (NYSE:MAGet Rating) had its price target lowered by Barclays from $428.00 to $427.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an overweight rating on the credit services provider’s stock.

A number of other research analysts have also recently issued reports on MA. Royal Bank of Canada decreased their price target on shares of Mastercard from $400.00 to $392.00 and set an outperform rating for the company in a report on Friday, October 28th. Wolfe Research raised their price target on shares of Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. Morgan Stanley decreased their price target on shares of Mastercard from $441.00 to $437.00 and set an overweight rating for the company in a report on Friday, October 28th. Wells Fargo & Company raised their price target on shares of Mastercard from $365.00 to $405.00 and gave the stock an overweight rating in a report on Thursday, December 15th. Finally, Mizuho decreased their price target on shares of Mastercard from $385.00 to $380.00 and set a buy rating for the company in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of Moderate Buy and an average target price of $406.73.

Mastercard Trading Up 0.6 %

NYSE:MA opened at $378.57 on Monday. Mastercard has a 52 week low of $276.87 and a 52 week high of $399.92. The firm has a 50 day moving average of $354.26 and a 200 day moving average of $335.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $363.98 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.69 and a beta of 1.10.

Mastercard (NYSE:MAGet Rating) last posted its earnings results on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.11. Mastercard had a net margin of 45.22% and a return on equity of 148.94%. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.66 billion. As a group, sell-side analysts anticipate that Mastercard will post 10.56 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 9th. Investors of record on Monday, January 9th will be paid a $0.57 dividend. The ex-dividend date is Friday, January 6th. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. This represents a $2.28 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 22.78%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now directly owns 102,566,047 shares in the company, valued at $32,809,852,774.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the transaction, the insider now directly owns 102,566,047 shares in the company, valued at $32,809,852,774.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm’s 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 completion of the transaction, the insider now directly owns 11,207 shares in the company, valued at $3,586,240. 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. Insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cottonwood Capital Advisors LLC lifted its stake in Mastercard by 5.0% in the 2nd quarter. Cottonwood Capital Advisors LLC now owns 1,249 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 59 shares in the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Mastercard by 6.7% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,352 shares of the credit services provider’s stock worth $742,000 after buying an additional 147 shares during the last quarter. Well Done LLC increased its holdings in shares of Mastercard by 9.0% during the 2nd quarter. Well Done LLC now owns 884 shares of the credit services provider’s stock worth $279,000 after buying an additional 73 shares during the last quarter. Aries Wealth Management acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $387,000. Finally, Van ECK Associates Corp increased its holdings in shares of Mastercard by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 135,993 shares of the credit services provider’s stock worth $38,668,000 after buying an additional 6,905 shares during the last quarter. 74.51% of the stock is owned by hedge funds and other institutional investors.

About Mastercard

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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