Mastercard - MA Stock Forecast, Price & News

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.

Mastercard Trading Down 0.9 %

NYSE:MA traded down $3.34 during trading hours on Monday, hitting $354.17. 36,207 shares of the company's stock were exchanged, compared to its average volume of 3,852,765. The stock has a 50-day simple moving average of $335.68 and a 200 day simple moving average of $347.56. Mastercard has a 1-year low of $303.65 and a 1-year high of $399.92. The firm has a market cap of $344.48 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.70 and a beta of 1.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20.

Mastercard (NYSE:MA - Get Rating) last released its earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business had revenue of $5.50 billion during the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The firm's revenue was up 21.5% on a year-over-year basis. On average, equities analysts forecast that Mastercard will post 10.64 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $1.96 annualized dividend and a yield of 0.55%. Mastercard's payout ratio is currently 19.86%.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on Mastercard from $357.00 to $298.00 and set an "underweight" rating for the company in a research report on Wednesday, July 6th. Susquehanna Bancshares dropped their price objective on Mastercard from $430.00 to $400.00 and set a "positive" rating for the company in a research report on Friday, July 29th. BMO Capital Markets upped their target price on Mastercard from $402.00 to $422.00 in a report on Monday, August 1st. Citigroup lowered their target price on Mastercard from $453.00 to $415.00 in a report on Tuesday, July 26th. Finally, Mizuho upped their target price on Mastercard from $375.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $414.55.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the transaction, the insider now owns 103,841,972 shares in the company, valued at $34,033,167,903.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company's stock.