Stock Buzzer: What’s in Mastercard Inc After Today’s Huge Decline?

Stock Buzzer: What's in Mastercard Inc After Today's Huge Decline?

The stock of Mastercard Inc (NYSE:MA) is a huge mover today! About 902,332 shares traded hands. Mastercard Inc (NYSE:MA) has risen 16.65% since March 10, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.
The move comes after 8 months negative chart setup for the $110.03 billion company. It was reported on Oct, 13 by Barchart.com. We have $91.20 PT which if reached, will make NYSE:MA worth $9.90 billion less.

Analysts await Mastercard Inc (NYSE:MA) to report earnings on November, 3. They expect $0.96 EPS, up 5.49% or $0.05 from last year’s $0.91 per share. MA’s profit will be $1.05 billion for 26.10 P/E if the $0.96 EPS becomes a reality. After $0.96 actual EPS 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. The firm has “Overweight” rating given on Thursday, September 8 by Barclays Capital. Guggenheim initiated it with “Buy” rating and $105 target price in Thursday, October 8 report. As per Thursday, July 30, the company rating was maintained by FBR Capital. The firm earned “Buy” rating on Thursday, December 17 by Sterne Agee CRT. The stock of Mastercard Inc (NYSE:MA) earned “Overweight” rating by Piper Jaffray on Thursday, December 31. The company was maintained on Friday, April 29 by Citigroup. The company was maintained on Monday, September 7 by Evercore. Wedbush maintained the stock with “Neutral” rating in Friday, April 29 report. The rating was maintained by Citigroup with “Buy” on Friday, September 11. On Friday, October 30 the stock rating was maintained by Wedbush with “Neutral”.

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 worsened, 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.
Notis holds 2.49% of its portfolio in Mastercard Inc (NYSE:MA) for 40,280 shares. The New York-based Qci Asset Mgmt Ny has invested 1.72% in Mastercard Inc (NYSE:MA). Echo Street Capital Ltd Liability Corporation holds 0.72% of its portfolio in Mastercard Inc (NYSE:MA) for 195,285 shares. Panagora Asset Incorporated has 0.17% invested in the company for 378,557 shares. Fil Ltd holds 0.2% or 713,951 shares in its portfolio. Somerville Kurt F has 166,396 shares for 3.29% of their US portfolio. The Pennsylvania-based Mycio Wealth Prtnrs Limited Co has invested 0.03% in Mastercard Inc (NYSE:MA). Pacwest Mgmt, a Arizona-based fund reported 16,610 shares. The Japan-based Mitsubishi Ufj has invested 0.52% in Mastercard Inc (NYSE:MA). Barclays Pcl owns 364,261 shares or 0.04% of their US portfolio. Laurion Capital Mngmt L P reported 22,943 shares or 0.03% of all its holdings. Highstreet Asset Mngmt Incorporated holds 0.27% or 8,712 shares in its portfolio. Pensionfund Dsm Netherlands accumulated 0.75% or 64,000 shares. Pacad Invest Limited last reported 13,169 shares in the company. Financial Mgmt Professionals reported 100 shares or 0% of all its holdings.

Insider Transactions: Since April 15, 2016, the stock had 0 insider buys, and 16 insider sales for $94.84 million net activity. MasterCard Foundation had sold 84,000 shares worth $8.13 million on Friday, August 5. On Tuesday, October 4 Haythornthwaite Richard sold $508,909 worth of the stock or 5,000 shares. On Tuesday, August 2 the insider Reeg Robert sold $568,715. Another trade for 176,240 shares valued at $16.99 million was sold by BANGA AJAY. The insider Garrow Ronald E sold 5,784 shares worth $561,048. 26,630 shares with value of $2.71 million were sold by Cairns Ann on Tuesday, October 4. $9.38 million worth of Mastercard Inc (NYSE:MA) was sold by Flood Gary J.

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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