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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MA shares. Wells Fargo & Company dropped their price objective on shares of Mastercard from $450.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 13th. Piper Sandler reduced their price target on Mastercard from $357.00 to $298.00 and set an "underweight" rating for the company in a research report on Wednesday, July 6th. Morgan Stanley upped their price objective on Mastercard from $452.00 to $457.00 and gave the stock an "overweight" rating in a research note on Friday, July 29th. Tigress Financial reiterated a "buy" rating and issued a $472.00 target price on shares of Mastercard in a report on Friday, July 15th. Finally, The Goldman Sachs Group began coverage on shares of Mastercard in a report on Tuesday, May 17th. They issued a "buy" rating and a $460.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $414.09.

Mastercard Stock Down 1.1 %

Mastercard stock opened at $355.33 on Thursday. The business's 50-day moving average price is $334.71 and its 200 day moving average price is $347.67. 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 cap of $343.38 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. Mastercard has a 52 week low of $303.65 and a 52 week high of $399.92.

Mastercard (NYSE:MA - Get Rating) last issued 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. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The business had revenue of $5.50 billion for the quarter, compared to analysts' expectations of $5.26 billion. During the same quarter last year, the company earned $1.95 EPS. The business's revenue was up 21.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard will post 10.63 earnings per share for the current year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company's stock, valued at approximately $5,660,280. The sale was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is owned by company insiders.