Several other analysts also recently weighed in on MA. Mizuho decreased their price target on shares of Mastercard from $465.00 to $400.00 and set a buy rating for the company in a research note on Friday, January 7th. Citigroup cut their price target on shares of Mastercard from $445.00 to $435.00 in a report on Monday, April 25th. Bank of America cut their price target on shares of Mastercard from $416.00 to $402.00 and set a buy rating on the stock in a report on Monday, April 18th. Morgan Stanley cut their price target on shares of Mastercard from $449.00 to $442.00 and set an overweight rating on the stock in a report on Thursday, April 21st. Finally, Barclays cut their price target on shares of Mastercard from $430.00 to $420.00 and set an overweight rating on the stock in a report on Monday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of $422.53.
MA traded down $15.45 during trading on Friday, reaching $363.38. The stock had a trading volume of 4,741,764 shares, compared to its average volume of 3,068,598. Mastercard has a one year low of $305.61 and a one year high of $399.92. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average is $350.79 and its two-hundred day moving average is $353.71. The company has a market capitalization of $355.20 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 1.85 and a beta of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 9th. Shareholders of record on Friday, April 8th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 20.40%.
In other news, major shareholder Foundation Mastercard sold 155,060 shares of Mastercard stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $383.74, for a total value of $59,502,724.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 466,741 shares of company stock valued at $176,434,165. Insiders own 0.33% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its holdings in shares of Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock valued at $12,766,111,000 after acquiring an additional 1,511,927 shares during the period. Morgan Stanley increased its stake in Mastercard by 4.6% in the 3rd quarter. Morgan Stanley now owns 19,650,864 shares of the credit services provider’s stock valued at $6,832,213,000 after buying an additional 871,206 shares during the period. Geode Capital Management LLC increased its stake in Mastercard by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock valued at $5,429,311,000 after buying an additional 421,767 shares during the period. Capital International Investors increased its stake in Mastercard by 8.5% in the 4th quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock valued at $5,314,216,000 after buying an additional 1,160,809 shares during the period. Finally, Norges Bank acquired a new position in Mastercard in the 4th quarter valued at $3,107,220,000. Institutional investors own 73.86% of the company’s stock.
Mastercard Company Profile (Get Rating)
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 other payment-related products and services.
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