Truist Financial Initiates Coverage on Mastercard (NYSE:MA)

Equities research analysts at Truist Financial initiated coverage on shares of Mastercard (NYSE:MA - Get Free Report) in a report issued on Monday, Marketbeat.com reports. The firm set a "buy" rating and a $640.00 price target on the credit services provider's stock. Truist Financial's price objective points to a potential upside of 9.57% from the company's previous close.

A number of other analysts have also recently weighed in on the company. Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. UBS Group lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Finally, Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Trading Down 0.0%

Shares of NYSE:MA traded down $0.04 on Monday, hitting $584.09. 712,310 shares of the company's stock were exchanged, compared to its average volume of 2,598,459. The stock has a market capitalization of $532.52 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50 day simple moving average is $545.93 and its two-hundred day simple moving average is $540.81.

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

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock worth $12,664,529. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the 1st quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the fourth quarter valued at about $31,000. Finally, Keystone Global Partners LLC purchased a new position in Mastercard during the first quarter worth about $31,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

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.