Mastercard (NYSE:MA) Hits New 52-Week High - What's Next?

Mastercard Incorporated (NYSE:MA - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $591.05 and last traded at $588.52, with a volume of 237814 shares changing hands. The stock had previously closed at $585.44.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Macquarie lowered 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. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Truist Financial started coverage on shares of Mastercard in a report on Monday. They set a "buy" rating and a $640.00 target price on the stock. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Stock Performance

The stock's 50-day moving average price is $546.65 and its 200-day moving average price is $541.24. The company has a market cap of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Mastercard during the fourth quarter worth about $83,644,000. Money Concepts Capital Corp raised its stake in Mastercard by 2.2% during the fourth quarter. Money Concepts Capital Corp now owns 1,874 shares of the credit services provider's stock worth $987,000 after acquiring an additional 40 shares in the last quarter. Tyche Wealth Partners LLC raised its stake in Mastercard by 20.4% during the fourth quarter. Tyche Wealth Partners LLC now owns 9,002 shares of the credit services provider's stock worth $4,740,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC raised its stake in Mastercard by 2.3% during the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 1,316 shares of the credit services provider's stock worth $693,000 after acquiring an additional 29 shares in the last quarter. 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.