Mastercard Incorporated (NYSE:MA) Receives $610.00 Consensus Target Price from Analysts

Mastercard Incorporated (NYSE:MA - Get Free Report) has received an average rating of "Moderate Buy" from the thirty-two research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $610.00.

A number of analysts recently issued reports on MA shares. Truist Financial assumed coverage on shares of Mastercard in a report on Monday. They set a "buy" rating and a $640.00 price objective for the company. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Finally, Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 over the last quarter. Company insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. FMR LLC grew its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Geode Capital Management LLC increased its stake in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after acquiring an additional 282,739 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Up 0.1%

MA stock traded up $0.63 during midday trading on Wednesday, hitting $584.76. The stock had a trading volume of 1,479,598 shares, compared to its average volume of 2,746,482. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $533.13 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business has a fifty day moving average price of $545.93 and a two-hundred day moving average price of $540.81. Mastercard has a 1-year low of $428.86 and a 1-year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company earned $3.31 earnings per share. The company's quarterly revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts predict that Mastercard will post 15.91 earnings per share for the current fiscal year.

About Mastercard

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.