Mastercard Incorporated (NYSE:MA) Receives $656.04 Average Target Price from Brokerages

Mastercard Incorporated (NYSE:MA) has received an average rating of “Buy” from the twenty-eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and six have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $656.0385.

Several research analysts recently weighed in on the company. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Truist Financial cut their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Wolfe Research restated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada cut their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MA. Vulcan Value Partners LLC grew its stake in Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after buying an additional 28,331 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Mastercard during the fourth quarter worth about $1,113,000. Assetmark Inc. grew its position in shares of Mastercard by 4.5% during the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after acquiring an additional 9,795 shares during the last quarter. Global X Japan Co. Ltd. grew its position in shares of Mastercard by 396.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after acquiring an additional 36,848 shares during the last quarter. Finally, Marble Wealth LLC bought a new position in shares of Mastercard during the fourth quarter worth about $1,328,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 2.1%

Shares of MA stock opened at $501.00 on Friday. The firm has a market cap of $442.67 billion, a P/E ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74. Mastercard has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50-day simple moving average is $499.39 and its 200-day simple moving average is $522.78.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $3.73 EPS. As a group, equities analysts forecast that Mastercard will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.