Mastercard (NYSE:MA) Earns “Outperform” Rating from BMO Capital Markets

Mastercard (NYSE:MA)‘s stock had its “outperform” rating reaffirmed by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday, Benzinga reports. They presently have a $520.00 price objective on the credit services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 13.34% from the stock’s current price.

Several other analysts have also recently commented on MA. Robert W. Baird increased their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, July 18th. Piper Sandler increased their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup increased their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $508.91.

Mastercard Price Performance

Shares of NYSE MA traded down $0.58 during mid-day trading on Wednesday, hitting $458.78. 652,702 shares of the stock were exchanged, compared to its average volume of 2,489,582. The company has a market cap of $426.49 billion, a P/E ratio of 36.46, a PEG ratio of 1.82 and a beta of 1.09. The stock’s fifty day simple moving average is $447.52 and its two-hundred day simple moving average is $457.79. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. Mastercard has a twelve month low of $359.77 and a twelve month high of $490.00.

Insider Buying and Selling at Mastercard

In related news, insider Hai Ling sold 2,892 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the transaction, the insider now owns 21,420 shares in the company, valued at $9,853,200. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Hai Ling sold 2,892 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the transaction, the insider now owns 21,420 shares in the company, valued at $9,853,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 122,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the transaction, the insider now directly owns 94,971,308 shares of the company’s stock, valued at $43,705,795,941.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,752,067 shares of company stock worth $787,874,156. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mastercard

Several institutional investors and hedge funds have recently made changes to their positions in MA. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC grew its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter worth $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the 1st quarter worth $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard in the 4th quarter worth $28,000. Institutional investors 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.