Mastercard (NYSE:MA) Price Target Lowered to $530.00 at Barclays

Mastercard (NYSE:MA - Get Free Report) had its target price dropped by research analysts at Barclays from $549.00 to $530.00 in a report released on Monday, Benzinga reports. The firm presently has an "overweight" rating on the credit services provider's stock. Barclays's price objective points to a potential upside of 17.94% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a "buy" rating and a $545.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. The Goldman Sachs Group lifted their price target on Mastercard from $433.00 to $482.00 and gave the stock a "buy" rating in a research report on Thursday, January 11th. Finally, KeyCorp increased their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $496.27.

Mastercard Stock Up 1.3 %

Mastercard stock traded up $5.79 during trading on Monday, hitting $449.37. 2,513,529 shares of the company were exchanged, compared to its average volume of 2,473,001. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business's 50 day moving average is $469.57 and its 200 day moving average is $438.31. Mastercard has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a market capitalization of $419.21 billion, a P/E ratio of 35.56, a PEG ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Analysts predict that Mastercard will post 14.22 earnings per share for the current year.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company's stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael Miebach sold 7,851 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 142,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now owns 96,377,308 shares of the company's stock, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. Insiders sold 725,088 shares of company stock valued at $329,657,858 in the last three months. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of Mastercard

Hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. VitalStone Financial LLC raised its position 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 valued at $26,000 after buying an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard in the fourth quarter valued at about $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $27,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

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.