Mastercard (NYSE:MA) Coverage Initiated by Analysts at Compass Point

Compass Point started coverage on shares of Mastercard (NYSE:MA) in a research note published on Thursday, 24/7 WallStreet reports. The brokerage issued a buy rating and a $330.00 price target on the credit services provider’s stock.

A number of other brokerages have also recently weighed in on MA. Credit Suisse Group set a $292.00 price objective on Mastercard and gave the company a buy rating in a report on Tuesday, September 10th. BMO Capital Markets boosted their target price on Mastercard to $348.00 and gave the stock an outperform rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. ValuEngine lowered Mastercard from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Moffett Nathanson set a $320.00 price target on shares of Mastercard and gave the company a buy rating in a research report on Wednesday, September 18th. Finally, Morgan Stanley lifted their price target on shares of Mastercard from $291.00 to $315.00 and gave the stock an overweight rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $304.48.

MA traded up $0.55 during trading on Thursday, reaching $290.40. The stock had a trading volume of 2,419,691 shares, compared to its average volume of 3,470,618. The stock has a market cap of $294.82 billion, a PE ratio of 44.75, a PEG ratio of 2.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard has a one year low of $171.89 and a one year high of $293.69. The business has a 50-day moving average of $279.03 and a 200-day moving average of $272.61.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts forecast that Mastercard will post 7.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.55%. This is an increase from Mastercard’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, January 8th. Mastercard’s payout ratio is presently 20.34%.

In other Mastercard news, major shareholder Foundation Mastercard sold 15,089 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $280.78, for a total value of $4,236,689.42. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the transaction, the director now directly owns 32,119 shares of the company’s stock, valued at $8,993,320. The disclosure for this sale can be found here. Insiders have sold a total of 95,509 shares of company stock valued at $26,273,562 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. DeDora Capital Inc. increased its stake in shares of Mastercard by 4.4% during the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after buying an additional 203 shares during the period. Smith Asset Management Group LP purchased a new stake in shares of Mastercard in the 2nd quarter worth about $18,541,000. Dearborn Partners LLC boosted its stake in shares of Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after purchasing an additional 4,762 shares in the last quarter. Brightworth boosted its stake in shares of Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock valued at $1,019,000 after purchasing an additional 599 shares in the last quarter. Finally, DE Burlo Group Inc. increased its position in shares of Mastercard by 5.5% during the second quarter. DE Burlo Group Inc. now owns 86,720 shares of the credit services provider’s stock valued at $22,940,000 after buying an additional 4,550 shares during the period. Institutional investors own 73.81% of the company’s stock.

About Mastercard

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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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