Mastercard (NYSE:MA) Given New $580.00 Price Target at KeyCorp

Mastercard (NYSE:MA) had its price objective boosted by KeyCorp from $515.00 to $580.00 in a research report report published on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the credit services provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets restated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Susquehanna upped their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, Oppenheimer started coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $537.92.

Mastercard Stock Performance

MA stock traded up $8.49 during midday trading on Friday, hitting $508.08. The stock had a trading volume of 3,753,713 shares, compared to its average volume of 2,450,197. Mastercard has a 52 week low of $378.48 and a 52 week high of $527.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a 50-day simple moving average of $495.77 and a 200 day simple moving average of $466.84. The firm has a market capitalization of $469.38 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard will post 14.33 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.18%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC boosted its holdings in shares of Mastercard by 4.8% during the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after buying an additional 21 shares during the period. Covestor Ltd boosted its holdings in shares of Mastercard by 4.1% during the third quarter. Covestor Ltd now owns 1,185 shares of the credit services provider’s stock worth $586,000 after acquiring an additional 47 shares during the period. Troy Asset Management Ltd grew its position in shares of Mastercard by 11.7% in the third quarter. Troy Asset Management Ltd now owns 138,770 shares of the credit services provider’s stock valued at $68,525,000 after purchasing an additional 14,556 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of Mastercard by 0.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 57,351 shares of the credit services provider’s stock worth $28,324,000 after purchasing an additional 312 shares during the period. Finally, XML Financial LLC lifted its holdings in Mastercard by 43.3% during the 3rd quarter. XML Financial LLC now owns 993 shares of the credit services provider’s stock worth $491,000 after purchasing an additional 300 shares during the last quarter. 97.28% of the stock is currently 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.