Mastercard (NYSE:MA) PT Lowered to $530.00

Mastercard (NYSE:MA) had its price target reduced by investment analysts at Barclays from $549.00 to $530.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s target price would indicate a potential upside of 16.96% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. The Goldman Sachs Group increased their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Evercore ISI lifted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. BMO Capital Markets upped their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Price Performance

Mastercard stock opened at $453.13 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market cap of $422.72 billion, a P/E ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. The company has a 50-day moving average price of $468.64 and a 200 day moving average price of $439.23. Mastercard has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.80 EPS. Sell-side analysts anticipate that Mastercard will post 14.22 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 872,088 shares of company stock worth $395,452,118 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mastercard

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Mastercard during the 4th quarter worth about $4,595,559,000. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after buying an additional 791,799 shares during the period. Vanguard Group Inc. increased its holdings in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after buying an additional 742,076 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.