KeyCorp Raises Mastercard (NYSE:MA) Price Target to $515.00

Mastercard (NYSE:MA) had its price target increased by KeyCorp from $490.00 to $515.00 in a report issued on Thursday, Benzinga reports. KeyCorp currently has an overweight rating on the credit services provider’s stock.

Other analysts have also issued reports about the stock. Bank of America lowered shares of Mastercard from a buy rating to a neutral rating and reduced their price target for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Susquehanna lifted their price target on shares of Mastercard from $535.00 to $540.00 and gave the stock a positive rating in a research note on Thursday. BNP Paribas upgraded shares of Mastercard to a strong-buy rating in a research note on Thursday, July 25th. Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Finally, Barclays reduced their price target on shares of Mastercard from $549.00 to $530.00 and set an overweight rating for the company in a research note on Monday, May 6th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Buy and a consensus target price of $507.27.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock opened at $462.02 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The company has a 50-day moving average of $446.48 and a 200 day moving average of $456.83. The firm has a market cap of $429.50 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.82 and a beta of 1.09. Mastercard has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. As a group, sell-side analysts anticipate that Mastercard will post 14.27 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the sale, the insider now owns 21,420 shares in the company, valued at approximately $9,853,200. The disclosure for this sale can be found here. Insiders have sold 2,462,228 shares of company stock valued at $1,110,349,560 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

Several large investors have recently bought and sold shares of the business. Hoxton Planning & Management LLC grew its position in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP increased its stake 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 purchasing an additional 23 shares during the period. Atticus Wealth Management LLC increased its stake in Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the period. Finally, Strategic Advisors LLC increased its stake in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the period. 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.