Mastercard (NYSE:MA) Price Target Raised to $618.00 at Keefe, Bruyette & Woods

Mastercard (NYSE:MA) had its target price lifted by Keefe, Bruyette & Woods from $580.00 to $618.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the credit services provider’s stock.

MA has been the topic of several other reports. Macquarie raised their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer initiated coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. BMO Capital Markets upped their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $559.28.

Mastercard Stock Down 1.1 %

NYSE MA opened at $522.82 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $479.86 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.35 and a beta of 1.10. The company has a 50 day moving average of $514.42 and a 200-day moving average of $479.31. Mastercard has a 1-year low of $411.60 and a 1-year high of $535.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.39 EPS. On average, equities research analysts expect that Mastercard will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Temasek Holdings Private Ltd boosted its stake in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Sarasin & Partners LLP boosted its position in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after buying an additional 37,486 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

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.