Mastercard (NYSE:MA) Coverage Initiated by Analysts at Redburn Partners

Defense World · Nov 30, 2022 03:51

Redburn Partners began coverage on shares of Mastercard (NYSE:MA – Get Rating) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage issued a neutral rating on the credit services provider's stock.

A number of other equities research analysts have also recently weighed in on MA. Credit Suisse Group lifted their price target on shares of Mastercard from $370.00 to $390.00 and gave the company an outperform rating in a research report on Friday, October 28th. Atlantic Securities reduced their price objective on shares of Mastercard from $400.00 to $345.00 and set an overweight rating for the company in a research report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mastercard from $440.00 to $375.00 and set a buy rating for the company in a research report on Thursday, October 13th. Truist Financial dropped their price objective on shares of Mastercard from $440.00 to $400.00 and set a buy rating on the stock in a research note on Thursday, October 13th. Finally, Royal Bank of Canada lowered their price target on shares of Mastercard from $400.00 to $392.00 and set an outperform rating on the stock in a research note on Friday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $396.35.

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Mastercard Stock Performance

NYSE:MA opened at $343.13 on Tuesday. Mastercard has a twelve month low of $276.87 and a twelve month high of $399.92. The company has a market cap of $329.91 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.80 and a beta of 1.11. The company's 50-day moving average price is $313.95 and its 200-day moving average price is $328.74. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.11.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Friday, October 7th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 0.57%. Mastercard's payout ratio is presently 19.58%.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm's stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the completion of the sale, the insider now directly owns 11,207 shares in the company, valued at approximately $3,586,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now directly owns 102,566,047 shares in the company, valued at approximately $32,809,852,774.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of Mastercard stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $320.00, for a total value of $2,260,480.00. Following the sale, the insider now owns 11,207 shares of the company's stock, valued at $3,586,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 361,486 shares of company stock worth $115,326,414. 0.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mastercard

Institutional investors have recently made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in Mastercard in the 3rd quarter worth approximately $543,000. Invst LLC lifted its holdings in Mastercard by 1.4% in the 3rd quarter. Invst LLC now owns 2,349 shares of the credit services provider's stock worth $685,000 after purchasing an additional 32 shares during the last quarter. Client 1ST Advisory Group LLC lifted its holdings in Mastercard by 9.0% in the 3rd quarter. Client 1ST Advisory Group LLC now owns 3,034 shares of the credit services provider's stock worth $863,000 after purchasing an additional 251 shares during the last quarter. Continental Investors Services Inc. lifted its holdings in Mastercard by 6,300.0% in the 3rd quarter. Continental Investors Services Inc. now owns 58,752 shares of the credit services provider's stock worth $19,476,000 after purchasing an additional 57,834 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in Mastercard by 27.1% in the 3rd quarter. IHT Wealth Management LLC now owns 10,068 shares of the credit services provider's stock worth $2,863,000 after purchasing an additional 2,149 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

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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.