The stock of Mastercard Incorporated (NYSE:MA) last traded at $398.06, down -0.05% from the previous session.
Data from the available sources indicates that Mastercard Incorporated (NYSE:MA) is covered by 38 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $526.00 and a low of $400.00, we find $440.50. Given the previous closing price of $398.27, this indicates a potential upside of 10.6 percent. MA stock price is now 4.09% away from the 50-day moving average and 11.24% away from the 200-day moving average. The market capitalization of the company currently stands at $375.39B.
In total, 3 analysts have assigned it a hold rating, and 28 have given it a buy rating. Brokers who have rated the stock have averaged $442.66 as their price target over the next twelve months.
With the price target maintained at $425, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Mastercard Incorporated (NYSE: MA).
In other news, Vosburg Craig, Chief Product Officer sold 6,333 shares of the company’s stock on Jul 12. The stock was sold for $2,533,200 at an average price of $400.00. Upon completion of the transaction, the Chief Product Officer now directly owns 46,491 shares in the company, valued at $18.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13, President, Data & Services Seshadri Raj sold 5,164 shares of the business’s stock. A total of $1,927,416 was realized by selling the stock at an average price of $373.24. This leaves the insider owning 11,164 shares of the company worth $4.44 million. Insiders disposed of 4,216,002 shares of company stock worth roughly $1.68 billion over the past 1 year. A total of 10.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MA stock. A new stake in Mastercard Incorporated shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $23,514,029,000. EMPOWER ADVISORY GROUP, LLC invested $157,541,000 in shares of MA during the first quarter. In the first quarter, CANOE FINANCIAL LP acquired a new stake in Mastercard Incorporated valued at approximately $148,380,000. SOROBAN CAPITAL PARTNERS LP acquired a new stake in MA for approximately $98,484,000. CHARLES-LIM CAPITAL LTD purchased a new stake in MA valued at around $65,680,000 in the second quarter. In total, there are 3,591 active investors with 78.50% ownership of the company’s stock.
With an opening price of $397.14 on Thursday morning, Mastercard Incorporated (NYSE: MA) set off the trading day. During the past 12 months, Mastercard Incorporated has had a low of $276.87 and a high of $404.00. As of last week, the company has a debt-to-equity ratio of 2.92, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $385.81B, which is based on a 39.76 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for MA is $382.65 and a two-hundred day moving average price translates $358.41 for the stock.
The latest earnings results from Mastercard Incorporated (NYSE: MA) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $2.8, beating analysts’ expectations of $2.72 by 0.08. This compares to $2.68 EPS in the same period last year. The net profit margin was 42.30% and return on equity was 159.90% for MA. The company reported revenue of $5.75 billion for the quarter, compared to $5.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.24 percent. For the current quarter, analysts expect MA to generate $6.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/09/2023. Investors who held shares on 07/07/2023 were paid a $0.57 dividend. On an annualized basis, this represents a $2.28 dividend and a 0.57% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, MA is presently at 20.30%.
Mastercard Incorporated(MA) Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services. The company offers integrated products and value-added services for account holders, merchants, financial institutions, 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. It also provides value-added products and services comprising cyber and intelligence solutions for parties to transact, as well as proprietary insights, drawing on principled use of consumer, and merchant data services. In addition, the company offers analytics, test and learn, consulting, managed services, loyalty, processing, and payment gateway solutions for e-commerce merchants. Further, it provides open banking and digital identity platforms services. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
