Mastercard (NYSE:MA) Earns Neutral Rating from Analysts at Compass Point

Compass Point started coverage on shares of Mastercard (NYSE:MA) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a neutral rating and a $525.00 price objective on the credit services provider’s stock.

A number of other brokerages have also recently issued reports on MA. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Piper Sandler upped their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. William Blair upgraded shares of Mastercard to a strong-buy rating in a research note on Wednesday, July 31st. BMO Capital Markets restated an outperform rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Finally, KeyCorp increased their target price on Mastercard from $490.00 to $515.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of Moderate Buy and a consensus price target of $510.88.

Mastercard Price Performance

MA stock opened at $476.12 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average price of $456.26 and a 200-day moving average price of $459.65. Mastercard has a 52-week low of $359.77 and a 52-week high of $490.00. The firm has a market capitalization of $442.61 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.90 and a beta of 1.10.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is 20.99%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 108,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total transaction of $48,069,720.00. Following the completion of the transaction, the insider now owns 93,226,308 shares in the company, valued at $41,494,097,427.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $445.09, for a total value of $48,069,720.00. Following the sale, the insider now directly owns 93,226,308 shares in the company, valued at approximately $41,494,097,427.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 1,167,931 shares of company stock valued at $531,284,982 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC grew its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Westend Capital Management LLC purchased a new position in Mastercard in the 1st quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in Mastercard during the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the 4th quarter valued at about $28,000. Institutional investors own 97.28% 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, 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.