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 Stock Performance

Shares of Mastercard stock traded up $1.44 on Friday, reaching $357.51. 1,848,651 shares of the stock were exchanged, compared to its average volume of 2,676,696. The business has a 50 day moving average price of $335.68 and a two-hundred day moving average price of $347.68. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $345.49 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.70 and a beta of 1.04. Mastercard has a twelve month low of $303.65 and a twelve month high of $399.92.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard's dividend payout ratio (DPR) is presently 19.86%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MA shares. Bank of America cut their price target on Mastercard from $416.00 to $402.00 and set a "buy" rating on the stock in a research note on Monday, April 18th. Robert W. Baird cut their price target on Mastercard from $470.00 to $416.00 in a research note on Wednesday, July 20th. Piper Sandler cut their price target on Mastercard from $357.00 to $298.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 6th. JPMorgan Chase & Co. cut their price target on Mastercard from $430.00 to $425.00 in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company dropped their price objective on Mastercard from $450.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $414.55.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 106,330 shares of the business's stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $333.03, for a total value of $35,411,079.90. Following the completion of the sale, the insider now directly owns 103,629,316 shares in the company, valued at $34,511,671,107.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 318,982 shares of company stock worth $105,338,500 over the last three months. 0.33% of the stock is currently owned by corporate insiders.