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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; prepaid programs and management services; commercial credit and debit payment products and solutions; and payment products and solutions that allow its customers to access funds in deposit and other accounts. It also provides value-added products and services comprising cyber and intelligence solutions for parties to transact, as well as proprietary insights, drawing on principled use of consumer, and merchant data services. In addition, the company offers analytics, test and learn, consulting, managed services, loyalty, processing, and payment gateway solutions for e-commerce merchants. Further, it provides open banking and digital identity platforms services. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Macquarie lowered their price objective on shares of Mastercard from $440.00 to $410.00 in a research report on Friday, July 29th. BMO Capital Markets lifted their price objective on Mastercard from $402.00 to $422.00 in a research report on Monday, August 1st. Bank of America cut their price target on Mastercard from $416.00 to $402.00 and set a "buy" rating for the company in a research note on Monday, April 18th. Robert W. Baird reduced their price target on Mastercard from $470.00 to $416.00 in a report on Wednesday, July 20th. Finally, Tigress Financial reiterated a "buy" rating and issued a $472.00 target price on shares of Mastercard in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $415.95.
Mastercard Price Performance
Shares of Mastercard stock traded up $3.69 during trading on Friday, reaching $354.27. The company's stock had a trading volume of 2,514,337 shares, compared to its average volume of 2,684,821. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $342.36 billion, a P/E ratio of 35.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. Mastercard has a one year low of $303.65 and a one year high of $399.92. The stock has a 50-day moving average price of $334.95 and a two-hundred day moving average price of $347.69.
Mastercard (NYSE:MA - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.20. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.26 billion. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The company's revenue was up 21.5% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. As a group, sell-side analysts anticipate that Mastercard will post 10.63 EPS for the current fiscal year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th were issued a dividend of $0.49 per share. The ex-dividend date was Thursday, July 7th. This represents a $1.96 annualized dividend and a yield of 0.55%. Mastercard's dividend payout ratio is presently 19.86%.