Mastercard (NYSE:MA) Price Target Cut to $524.00

Mastercard (NYSE:MA) had its price objective reduced by investment analysts at Morgan Stanley from $536.00 to $524.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Morgan Stanley’s price target points to a potential upside of 18.13% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. KeyCorp lifted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $493.55.

Mastercard Trading Up 0.6 %

Shares of NYSE MA traded up $2.48 during midday trading on Thursday, reaching $443.58. The company had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The stock has a market cap of $413.81 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. Mastercard has a one year low of $357.85 and a one year high of $490.00. The firm’s fifty day moving average price is $469.57 and its 200-day moving average price is $437.74. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company posted $2.80 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard will post 14.32 earnings per share for the current year.

Insider Activity at Mastercard

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 transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal 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 value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 583,088 shares of company stock worth $266,873,978 over the last quarter. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hoxton Planning & Management LLC grew its position in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC grew its holdings in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after buying an additional 23 shares during the last quarter. Benin Management CORP increased its position in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC lifted its position in shares of Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other 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.