Mastercard also provides such value-added products and services as 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 MasterCard, Maestro and Cirrus banners.
The dividend yield is just 0.60%. Mastercard stock has a $440 price target at Morgan Stanley. That compares with a $433.06 consensus target and Thursday’s close at $393.14.
Visa
This top credit card issuer is becoming a huge leader in digital pay. Visa Inc. (NYSE: V) operates as a payments technology company worldwide. Its products and services include the following:
- VisaNet, a transaction processing network that enables authorization, clearing and settlement of payment transactions.
- Credit, debit and prepaid card products
- Tap to pay, tokenization and click to pay
- Visa Direct, a real-time payments network
- Visa B2B Connect, a multilateral B2B cross-border payments network
- Visa Treasury as a Service, a cross-border consumer payments business
- Visa DPS, providing a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.
- Cybersource, a payment management platform
- Risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Advanced Identity Score and Visa Consumer Authentication Service
- Visa Consulting and Analytics, a payments consulting advisory service.
The company provides its services under the Visa, Visa Electron, Interlink, VPAY and PLUS brands.
Shareholders receive a 0.77% dividend. The Raymond James target price is $282. The posted consensus target is $267.89. And $238.88 was Thursday’s closing share price for Visa stock.
These seven top stocks, many of which have underperformed during the massive AI tech rally, are owned by Warren Buffett’s Berkshire Hathaway that should do very well as rates continue higher, and may be poised to stay at 16-year highs well into 2024. Given the inversion between the two-year note and the benchmark 10-year government paper, it is a good bet that a recession is headed our way in the second half of 2023, so it makes sense to own stocks that will benefit from the surge higher.
Originally published at 24/7 Wall St.
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