Mastercard (NYSE:MA) Given New $370.00 Price Target at Compass Point

Mastercard (NYSE:MA) had its target price boosted by Compass Point from $330.00 to $370.00 in a report issued on Friday, The Fly reports. They currently have a buy rating on the credit services provider’s stock.

Several other research analysts have also recently weighed in on MA. JPMorgan Chase & Co. boosted their price target on Mastercard from $269.00 to $315.00 and gave the stock an overweight rating in a research note on Thursday, July 9th. Royal Bank of Canada reissued a buy rating and issued a $370.00 target price on shares of Mastercard in a research report on Thursday, June 25th. Daiwa Capital Markets reaffirmed a neutral rating and set a $314.00 price target on shares of Mastercard in a report on Tuesday, July 21st. Morgan Stanley lifted their price target on shares of Mastercard from $311.00 to $315.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, SunTrust Banks increased their price objective on shares of Mastercard from $295.00 to $330.00 and gave the company a buy rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $331.97.

NYSE:MA traded down $0.47 on Friday, reaching $308.53. 4,684,553 shares of the stock traded hands, compared to its average volume of 3,495,101. The company has a current ratio of 1.95, a quick ratio of 1.87 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $310.16 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 3.82 and a beta of 1.08. Mastercard has a 12 month low of $199.99 and a 12 month high of $347.25. The company’s fifty day simple moving average is $301.05 and its 200 day simple moving average is $291.69.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The business’s revenue for the quarter was down 19.8% on a year-over-year basis. Equities analysts anticipate that Mastercard will post 6.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.59%.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $307.29, for a total transaction of $1,536,450.00. Following the completion of the sale, the director now directly owns 32,573 shares of the company’s stock, valued at approximately $10,009,357.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ajay Banga sold 61,067 shares of Mastercard stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $315.89, for a total transaction of $19,290,454.63. Following the sale, the chief executive officer now owns 384,371 shares in the company, valued at approximately $121,418,955.19. The disclosure for this sale can be found here. Insiders sold a total of 1,005,122 shares of company stock valued at $304,245,598 in the last quarter. 3.79% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Fisher Asset Management LLC grew its position in shares of Mastercard by 637.9% during the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock valued at $859,955,000 after purchasing an additional 3,077,542 shares in the last quarter. Veritas Asset Management LLP purchased a new position in Mastercard in the first quarter worth about $549,597,000. Advisor Group Holdings Inc. bought a new stake in Mastercard during the first quarter worth approximately $53,522,000. Capital International Investors raised its position in Mastercard by 44.2% during the first quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock valued at $829,028,000 after purchasing an additional 1,052,440 shares during the period. Finally, Altshuler Shaham Ltd lifted its stake in shares of Mastercard by 6,181,769.2% in the 1st quarter. Altshuler Shaham Ltd now owns 803,643 shares of the credit services provider’s stock valued at $194,128,000 after purchasing an additional 803,630 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.

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.

Featured Story: What is a good dividend yield?

The Fly

Analyst Recommendations for Mastercard (NYSE:MA)

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.