Barclays Cuts Mastercard (NYSE:MA) Price Target to $530.00

Mastercard (NYSE:MA) had its price objective reduced by Barclays from $549.00 to $530.00 in a report issued on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the credit services provider’s stock.

A number of other research analysts have also issued reports on the company. William Blair restated an outperform rating on shares of Mastercard in a research report on Wednesday, January 31st. Royal Bank of Canada increased their price objective on Mastercard from $432.00 to $499.00 and gave the stock an outperform rating in a report on Thursday, February 1st. BMO Capital Markets boosted their price target on Mastercard from $480.00 to $490.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Robert W. Baird upped their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an overweight rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $496.27.

Mastercard Trading Up 0.4 %

NYSE:MA opened at $454.98 on Monday. Mastercard has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market cap of $424.45 billion, a PE ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08. The business’s 50 day moving average is $468.64 and its two-hundred day moving average is $439.23.

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

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 147,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00. Following the completion of the transaction, the insider now directly owns 96,230,308 shares in the company, valued at $43,070,761,254.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 872,688 shares of company stock worth $395,722,487. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Baystate Wealth Management LLC boosted its holdings in shares of Mastercard by 55.8% during the 3rd quarter. Baystate Wealth Management LLC now owns 1,426 shares of the credit services provider’s stock worth $565,000 after buying an additional 511 shares during the period. Value Partners Investments Inc. grew its position in shares of Mastercard by 6.7% in the third quarter. Value Partners Investments Inc. now owns 3,541 shares of the credit services provider’s stock valued at $1,408,000 after purchasing an additional 223 shares during the last quarter. NBT Bank N A NY increased its stake in shares of Mastercard by 418.6% in the third quarter. NBT Bank N A NY now owns 7,053 shares of the credit services provider’s stock worth $2,792,000 after purchasing an additional 5,693 shares during the period. Chemung Canal Trust Co. boosted its stake in Mastercard by 6.6% during the 3rd quarter. Chemung Canal Trust Co. now owns 841 shares of the credit services provider’s stock valued at $333,000 after purchasing an additional 52 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in Mastercard by 0.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,983 shares of the credit services provider’s stock valued at $5,365,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.