Mastercard (NYSE:MA) had its price objective boosted by Wells Fargo & Co from $285.00 to $305.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an outperform rating on the credit services provider’s stock.
A number of other research firms have also recently commented on MA. Deutsche Bank initiated coverage on Intuitive Surgical in a research report on Monday, April 1st. They set a buy rating and a $630.00 target price on the stock. Oppenheimer set a $119.00 target price on American Express and gave the stock a buy rating in a research report on Wednesday, April 17th. Zacks Investment Research cut HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. KeyCorp reiterated a buy rating and set a $158.00 target price on shares of Tableau Software in a research report on Friday, May 3rd. Finally, Barclays lifted their target price on WEX from $222.00 to $238.00 and gave the stock an overweight rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $258.96.
MA opened at $279.54 on Wednesday. The business’s 50-day moving average price is $262.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. Mastercard has a one year low of $171.89 and a one year high of $279.74. The firm has a market capitalization of $285.56 billion, a PE ratio of 43.07, a P/E/G ratio of 2.21 and a beta of 1.07.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
In related news, insider Michael Miebach sold 2,711 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total value of $664,195.00. Following the transaction, the insider now owns 20,492 shares in the company, valued at approximately $5,020,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilberto Caldart sold 46,772 shares of Mastercard stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $241.06, for a total value of $11,274,858.32. Following the completion of the sale, the insider now directly owns 22,280 shares in the company, valued at approximately $5,370,816.80. The disclosure for this sale can be found here. Insiders sold a total of 366,221 shares of company stock worth $92,047,063 in the last 90 days. 0.32% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MA. Norges Bank purchased a new stake in Mastercard in the 4th quarter valued at approximately $1,701,899,000. Millennium Management LLC boosted its holdings in Mastercard by 673.1% in the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after purchasing an additional 1,219,620 shares in the last quarter. FMR LLC boosted its holdings in Mastercard by 1.8% in 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 purchasing an additional 720,407 shares in the last quarter. Polen Capital Management LLC boosted its holdings in Mastercard by 38.9% in the 4th quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock valued at $474,105,000 after purchasing an additional 704,133 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Mastercard by 144.3% in the 1st quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after purchasing an additional 648,434 shares in the last quarter. 74.32% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Recommended Story: Differences Between Momentum Investing and Long Term Investing
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.