Mastercard’s (MA) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Mastercard (NYSE:MA) in a report published on Friday, Benzinga reports. Piper Sandler currently has a $565.00 price objective on the credit services provider’s stock, up from their previous price objective of $536.00.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. TD Cowen increased their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $537.92.

Mastercard Stock Performance

Shares of Mastercard stock opened at $508.08 on Friday. Mastercard has a 52 week low of $378.48 and a 52 week high of $527.90. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business has a 50 day moving average price of $495.77 and a 200-day moving average price of $466.94. The company has a market cap of $469.38 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business earned $3.39 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Mastercard will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s payout ratio is presently 19.97%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock valued at $153,495,958 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Hedge funds have recently added to or reduced their stakes in the business. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the 2nd quarter worth $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard in the second quarter valued at about $35,000. Finally, First Personal Financial Services bought a new position in shares of Mastercard during the third quarter valued at about $39,000. 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.