Mastercard (MA) Sets New 1-Year High at $258.47

Mastercard Inc (NYSE:MA) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $258.47 and last traded at $257.50, with a volume of 38502 shares changing hands. The stock had previously closed at $255.36.

A number of research firms recently commented on MA. KeyCorp upped their price objective on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Deutsche Bank increased their target price on Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a report on Monday, April 1st. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Wednesday, May 15th. Citigroup increased their target price on Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Raymond James increased their target price on Mastercard from $247.00 to $278.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $247.58.

The firm has a market capitalization of $261.04 billion, a PE ratio of 39.58, a PEG ratio of 2.00 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. On average, analysts predict that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

In other news, insider Michael Miebach sold 2,711 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the sale, the insider now owns 20,492 shares in the company, valued at $4,923,817.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the sale, the general counsel now owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The disclosure for this sale can be found here. Insiders have sold 381,530 shares of company stock valued at $93,705,711 in the last quarter. Insiders own 0.32% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MA. Oregon Public Employees Retirement Fund lifted its position in shares of Mastercard by 14,925.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after acquiring an additional 71,077,219 shares during the period. Vanguard Group Inc lifted its position in shares of Mastercard by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after acquiring an additional 609,214 shares during the period. FMR LLC lifted its position in shares of Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after acquiring an additional 720,407 shares during the period. Geode Capital Management LLC lifted its position in shares of Mastercard by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 12,692,989 shares of the credit services provider’s stock valued at $2,983,669,000 after acquiring an additional 260,992 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Mastercard by 1.2% during the 1st quarter. Northern Trust Corp now owns 11,302,787 shares of the credit services provider’s stock valued at $2,661,240,000 after acquiring an additional 133,417 shares during the period. Institutional investors and hedge funds own 75.29% of the company’s stock.

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Mastercard Company Profile (NYSE:MA)

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 related products and services.

Further Reading: Insider Trading

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