Compass Point Initiates Coverage on Mastercard (NYSE:MA)

Compass Point assumed coverage on shares of Mastercard (NYSE:MA) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $525.00 price target on the credit services provider’s stock. Compass Point’s target price suggests a potential upside of 9.98% from the company’s previous close.

Several other brokerages also recently weighed in on MA. Barclays increased their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Stock Performance

Shares of MA opened at $477.36 on Wednesday. The stock has a 50-day moving average of $455.56 and a two-hundred day moving average of $459.53. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $443.76 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.90 and a beta of 1.10. Mastercard has a one year low of $359.77 and a one year high of $490.00.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 116,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now owns 92,998,308 shares of the company’s stock, valued at $41,256,839,378.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the transaction, the insider now directly owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,167,931 shares of company stock worth $531,284,982 in the last ninety days. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Mastercard

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 2.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after acquiring an additional 141 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after buying an additional 241 shares during the period. Aveo Capital Partners LLC grew its stake in shares of Mastercard by 8.8% in the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock valued at $609,000 after buying an additional 116 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Mastercard by 19.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,319 shares of the credit services provider’s stock valued at $989,000 after buying an additional 378 shares during the period. Finally, Gryphon Financial Partners LLC lifted its stake in Mastercard by 7.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after acquiring an additional 571 shares in the last quarter. Institutional investors and hedge funds 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.