Mastercard (NYSE:MA) Given New $533.00 Price Target at TD Cowen

Mastercard (NYSE:MA) had its price target boosted by TD Cowen from $532.00 to $533.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

MA has been the subject of several other research reports. Morgan Stanley reduced their price target on shares of Mastercard from $536.00 to $524.00 and set an overweight rating for the company in a report on Thursday, May 2nd. Susquehanna boosted their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a positive rating in a report on Thursday. Piper Sandler started coverage on shares of Mastercard in a report on Monday, May 13th. They issued an overweight rating and a $531.00 price target for the company. Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a buy rating for the company in a research note on Thursday, May 2nd. Finally, KeyCorp boosted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an overweight rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of Buy and a consensus price target of $507.27.

Mastercard Price Performance

Mastercard stock opened at $462.02 on Thursday. The stock has a market cap of $429.50 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. Mastercard has a 1 year low of $359.77 and a 1 year high of $490.00. The firm has a 50-day moving average of $446.48 and a two-hundred day moving average of $457.03.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s payout ratio is currently 20.99%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders have sold 2,314,928 shares of company stock worth $1,044,421,131 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Mastercard

Several institutional investors have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in shares of Mastercard in the fourth quarter worth about $26,000. VitalStone Financial LLC lifted its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Westend Capital Management LLC purchased a new position in shares of Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth about $27,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter worth about $28,000. 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.