Mastercard (NYSE:MA) Now Covered by Analysts at Compass Point

Compass Point began coverage on shares of Mastercard (NYSE:MA) in a research note released on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $525.00 target price on the credit services provider’s stock.

A number of other brokerages also recently issued reports on MA. KeyCorp increased their price objective on Mastercard from $490.00 to $515.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the company an overweight rating in a report on Tuesday, August 20th. Barclays boosted their price objective on Mastercard from $530.00 to $536.00 and gave the stock an overweight rating in a report on Monday, August 5th. Piper Sandler raised their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets reissued an outperform rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of Moderate Buy and an average target price of $510.88.

Mastercard Price Performance

Shares of NYSE:MA opened at $476.12 on Wednesday. Mastercard has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $442.61 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.90 and a beta of 1.10. The company has a 50 day moving average of $456.26 and a 200 day moving average of $459.65.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.99%.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,167,931 shares of company stock valued at $531,284,982 in the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cim LLC increased its position in shares of Mastercard by 1.0% during the second quarter. Cim LLC now owns 39,590 shares of the credit services provider’s stock valued at $18,899,000 after buying an additional 400 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter worth approximately $39,525,000. Brown Financial Advisors bought a new position in shares of Mastercard in the 2nd quarter worth approximately $673,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter valued at approximately $34,000. Finally, SRN Advisors LLC boosted its position in shares of Mastercard by 12.7% during the second quarter. SRN Advisors LLC now owns 7,578 shares of the credit services provider’s stock valued at $3,343,000 after purchasing an additional 852 shares in the last quarter. 97.28% of the stock is currently owned by 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.