Susquehanna Raises Mastercard (NYSE:MA) Price Target to $540.00

Mastercard (NYSE:MA) had its price target upped by Susquehanna from $535.00 to $540.00 in a research note issued to investors on Thursday, Benzinga reports. Susquehanna currently has a positive rating on the credit services provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a buy rating for the company in a report on Thursday, May 2nd. TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They set a buy rating and a $545.00 price objective on the stock. Piper Sandler began coverage on Mastercard in a report on Monday, May 13th. They set an overweight rating and a $531.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $510.00 to $500.00 and set an overweight rating for the company in a research report on Thursday, July 18th. Finally, BNP Paribas raised Mastercard to a strong-buy rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of Buy and an average price target of $507.27.

Mastercard Price Performance

Shares of NYSE MA traded down $15.30 during midday trading on Thursday, reaching $446.72. The stock had a trading volume of 1,887,236 shares, compared to its average volume of 2,505,851. The stock has a 50-day moving average of $446.48 and a 200-day moving average of $457.03. Mastercard has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a market capitalization of $415.28 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,314,928 shares of company stock worth $1,044,421,131. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Westend Capital Management LLC bought a new position in shares of Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC raised its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the 4th quarter worth about $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $28,000. 97.28% of the stock is currently owned by hedge funds and other 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.