JPMorgan Chase & Co. Lowers Mastercard (NYSE:MA) Price Target to $510.00

Mastercard (NYSE:MA) had its target price cut by JPMorgan Chase & Co. from $520.00 to $510.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer restated an outperform rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Robert W. Baird boosted their price target on Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a research report on Thursday, April 18th. Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the company an outperform rating in a report on Tuesday, March 26th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They issued a buy rating and a $545.00 target price for the company. Finally, The Goldman Sachs Group increased their price target on Mastercard from $433.00 to $482.00 and gave the company a buy rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $493.55.

Mastercard Trading Up 0.6 %

Shares of NYSE:MA opened at $443.58 on Thursday. Mastercard has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The firm has a fifty day moving average of $469.57 and a two-hundred day moving average of $438.31.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $2.80 EPS. On average, equities analysts expect that Mastercard will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. In the last three months, insiders sold 583,088 shares of company stock valued at $266,873,978. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MA. Eudaimonia Partners LLC increased its holdings in shares of Mastercard by 2.2% in the third quarter. Eudaimonia Partners LLC now owns 1,686 shares of the credit services provider’s stock valued at $668,000 after purchasing an additional 37 shares in the last quarter. Bailard Inc. increased its stake in shares of Mastercard by 16.5% in the 3rd quarter. Bailard Inc. now owns 3,574 shares of the credit services provider’s stock valued at $1,415,000 after buying an additional 507 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Mastercard by 1.4% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 403,592 shares of the credit services provider’s stock worth $159,786,000 after acquiring an additional 5,600 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of Mastercard by 3.3% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,323 shares of the credit services provider’s stock valued at $920,000 after acquiring an additional 75 shares during the period. Finally, Walter Public Investments Inc. boosted its holdings in Mastercard by 262.3% in the third quarter. Walter Public Investments Inc. now owns 32,611 shares of the credit services provider’s stock valued at $12,911,000 after acquiring an additional 23,611 shares during the last quarter. Institutional investors own 97.28% 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. 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.