Vetr upgraded shares of Mastercard (NYSE:MA) from a buy rating to a strong-buy rating in a research report report published on Tuesday. The brokerage currently has $192.25 price objective on the credit services provider’s stock.
A number of other research firms have also recently commented on MA. Zacks Investment Research raised shares of Mastercard from a hold rating to a buy rating and set a $193.00 price target for the company in a research note on Thursday, April 5th. Piper Jaffray boosted their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Mastercard from $178.00 to $192.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Barclays upped their price objective on shares of Mastercard from $178.00 to $195.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Mastercard to $198.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $179.62.
Mastercard stock opened at $176.52 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $181,216.55, a P/E ratio of 38.17, a PEG ratio of 1.58 and a beta of 1.16. Mastercard has a 1-year low of $111.53 and a 1-year high of $183.73.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is currently 21.83%.
In other Mastercard news, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the completion of the transaction, the general counsel now directly owns 59,907 shares in the company, valued at approximately $10,809,619.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,571 shares of company stock valued at $8,174,328 over the last quarter. 0.30% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of MA. Community Bank N.A. grew its position in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $102,000. Pin Oak Investment Advisors Inc. purchased a new stake in Mastercard during the 4th quarter valued at about $103,000. Wealthcare Advisory Partners LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $106,000. Finally, Trustcore Financial Services LLC purchased a new stake in Mastercard during the 4th quarter valued at about $120,000. Institutional investors own 76.12% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
To view Vetr’s full report, visit Vetr’s official website.
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