Compass Point Initiates Coverage on Mastercard (NYSE:MA)

Equities research analysts at Compass Point began coverage on shares of Mastercard (NYSE:MA) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “neutral” rating and a $525.00 price target on the credit services provider’s stock. Compass Point’s price objective would suggest a potential upside of 8.85% from the company’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Citigroup lifted their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.88.

Mastercard Price Performance

Shares of Mastercard stock opened at $482.31 on Wednesday. The stock has a market capitalization of $445.58 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The company has a fifty day moving average of $454.26 and a 200-day moving average of $459.24. Mastercard has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Mastercard news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the transaction, the insider now owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,282,931 shares of company stock worth $583,107,432. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mastercard

Institutional investors have recently made changes to their positions in the business. Westend Capital Management LLC purchased a new stake in Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter valued at approximately $27,000. VitalStone Financial LLC increased its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in Mastercard during the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $28,000. Institutional investors own 97.28% of the company’s stock.

About Mastercard

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.