Mastercard (NYSE:MA) Given New $635.00 Price Target at KeyCorp

Mastercard (NYSE:MA) had its price objective lifted by KeyCorp from $630.00 to $635.00 in a research note published on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the credit services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Barclays boosted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a report on Tuesday, February 4th. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong 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 $606.18.

Mastercard Trading Up 2.3 %

Shares of NYSE MA opened at $559.18 on Friday. The stock has a market cap of $509.81 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard has a 1 year low of $428.86 and a 1 year high of $582.23. The firm has a 50-day moving average of $532.33 and a 200 day moving average of $531.37.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 earnings per share. As a group, sell-side analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.89%.

Insider Buying and Selling

In other news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mastercard

Hedge funds have recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its holdings in Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC lifted its position in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after purchasing an additional 19 shares during the last quarter. Capital Investment Services of America Inc. grew its holdings in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. increased its stake in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after buying an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC lifted its holdings in Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by 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.