Notable Runner: What Next for Mastercard Inc Stock After Touching 52-Week High?

Notable Runner: What Next for Mastercard Inc Stock After Touching 52 Week High?

The stock of Mastercard Inc (NYSE:MA) hit a new 52-week high and has $123.18 target or 21.00% above today’s $101.80 share price. The 6 months bullish chart indicates low risk for the $113.04 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $123.18 price target is reached, the company will be worth $23.74 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.89M shares traded hands. Mastercard Inc (NYSE:MA) has risen 17.08% since February 29, 2016 and is uptrending. It has outperformed by 4.87% the S&P500.

Analysts await Mastercard Inc (NYSE:MA) to report earnings on November, 3. They expect $0.96 earnings per share, up 5.49% or $0.05 from last year’s $0.91 per share. MA’s profit will be $1.07B for 26.51 P/E if the $0.96 EPS becomes a reality. After $0.96 actual earnings per share reported by Mastercard Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Mastercard Inc (NYSE:MA) Ratings Coverage

Out of 15 analysts covering Mastercard Incorporated (NYSE:MA), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Mastercard Incorporated has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained Mastercard Inc (NYSE:MA) on Friday, September 11 with “Buy” rating. Barclays Capital maintained the shares of MA in a report on Thursday, September 8 with “Overweight” rating. The stock of Mastercard Inc (NYSE:MA) earned “Neutral” rating by Compass Point on Friday, April 15. The firm has “Overweight” rating given on Friday, August 14 by JP Morgan. As per Thursday, February 11, the company rating was downgraded by Bank of America. The company was initiated on Wednesday, December 16 by UBS. The rating was maintained by S&P Research with “Buy” on Friday, July 31. The stock has “Neutral” rating given by Wedbush on Friday, October 30. On Thursday, December 17 the stock rating was initiated by Sterne Agee CRT with “Buy”. The stock of Mastercard Inc (NYSE:MA) earned “Mkt Perform” rating by FBR Capital on Thursday, July 30.

According to Zacks Investment Research, “MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions and provides industry-leading analysis and consulting services to financial institution customers and merchants. Its family of brands include MasterCard, Maestro and Cirrus.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.16, from 1.05 in 2016Q1. The ratio turned negative, as 65 funds sold all Mastercard Inc shares owned while 451 reduced positions. 86 funds bought stakes while 375 increased positions. They now own 800.46 million shares or 4.95% less from 842.14 million shares in 2016Q1.
Baxter Bros accumulated 8,430 shares or 0.26% of the stock. Tradewinds Capital Mngmt Ltd accumulated 40 shares or 0% of the stock. East Coast Asset Ltd Liability holds 4.25% of its portfolio in Mastercard Inc (NYSE:MA) for 88,329 shares. Spectrum Asset Incorporated (Nb Ca) has 11,920 shares for 1.24% of their US portfolio. Matterhorn Mngmt Ltd Llc owns 15,574 shares or 0.87% of their US portfolio. Fund Sa has 906,868 shares for 0.75% of their US portfolio. Moreover, Generation Investment Mgmt Ltd Liability Partnership has 3.14% invested in Mastercard Inc (NYSE:MA) for 3.08 million shares. National Planning Corp reported 8,561 shares or 0.06% of all its holdings. The Massachusetts-based Page Arthur B has invested 2.94% in Mastercard Inc (NYSE:MA). Laurion Cap Management L P has invested 0.03% of its portfolio in Mastercard Inc (NYSE:MA). Cwm Limited Liability Co last reported 1.59% of its portfolio in the stock. Oakbrook Invs Limited Liability Com accumulated 78,530 shares or 0.38% of the stock. Ironwood Fincl Limited Liability Corporation has 61 shares for 0% of their US portfolio. The South Dakota-based First Fincl Bank Sioux Falls has invested 0.81% in Mastercard Inc (NYSE:MA). Diam Ltd has invested 0.23% of its portfolio in Mastercard Inc (NYSE:MA).

Insider Transactions: Since April 4, 2016, the stock had 0 insider purchases, and 15 selling transactions for $92.18 million net activity. Another trade for 9,600 shares valued at $926,071 was sold by Barzi Silvio. Another trade for 10,034 shares valued at $960,756 was sold by Garrow Ronald E. 84,000 shares were sold by MasterCard Foundation, worth $7.81M. $581,959 worth of shares were sold by Reeg Robert on Monday, May 2. 96,335 shares were sold by Flood Gary J, worth $9.38M on Monday, May 2. $1.31 million worth of Mastercard Inc (NYSE:MA) shares were sold by FORSTER ANDREA L. BANGA AJAY also sold $16.99 million worth of Mastercard Inc (NYSE:MA) on Tuesday, May 3.

More news for Mastercard Inc (NYSE:MA) were recently published by: Etfdailynews.com, which released: “Mastercard Partners with Stripe for Instant Payments” on September 20, 2016. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: NetApp, General Dynamics Corp. and Mastercard” and published on October 03, 2016 is yet another important article.

MA Company Profile

MasterCard Incorporated, incorporated on May 9, 2001, is a technology firm that connects consumers, financial institutions, merchants, governments and businesses across the world. The Firm operates through payment solutions segment. The Firm allows user to make payments by a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company’s offerings include loyalty and reward programs, information services and consulting.

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