Mastercard (NYSE:MA) Price Target Raised to $536.00 at Barclays

Mastercard (NYSE:MA) had its target price raised by Barclays from $530.00 to $536.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

A number of other analysts have also commented on the company. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a report on Thursday, April 18th. TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an overweight rating on the stock in a research note on Thursday, May 2nd. Argus upgraded Mastercard to a strong-buy rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on Mastercard from $500.00 to $526.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Three 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $507.55.

Mastercard Stock Up 1.4 %

MA traded up $6.30 during midday trading on Monday, reaching $448.30. 2,751,122 shares of the company were exchanged, compared to its average volume of 2,524,883. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. The company’s fifty day moving average price is $446.30 and its 200 day moving average price is $457.11. The company has a market cap of $416.75 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. Mastercard has a one year low of $359.77 and a one year high of $490.00.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is 20.99%.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares of the company’s stock, valued at $1,572,202. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares of the company’s stock, valued at $1,572,202. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $456.57, for a total value of $64,832,940.00. Following the completion of the sale, the insider now directly owns 95,646,308 shares in the company, valued at $43,669,234,843.56. The disclosure for this sale can be found here. Insiders have sold 2,328,367 shares of company stock worth $1,050,535,876 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Several large investors have recently bought and sold shares of the company. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP grew 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 worth $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC boosted its holdings in shares of Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after buying an additional 23 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

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.