Published: Wed, November 01, 2017
Economy | By Melissa Porter

Mastercard rallies after strong earnings

The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MasterCard Incorporated (NYSE:MA) touched its 1-Year High price of $151.48 on 10/30/17 and its 1-Year Low price of $ 99.51 on 12/01/16. The stock was sold at an average price of $128.84, for a total transaction of $11,288,703.12. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. On Tuesday, October 25th, Foundation Mastercard sold 24,208 shares of MasterCard stock. Insiders sold 349,760 shares of company stock worth $45,615,590 in the last quarter.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 20.83%, and has a solid year to date (YTD) performance of 44.26% which means that the stock is constantly adding to its value from the previous fiscal year end price.

The focus shift on performance of Mastercard Incorporated (NYSE:MA) that has shown a discernible change in trend levels over the path of recent market activity. Using a broader approach, the stock has been trading 20.33% off of the 200-day moving average. A ratio lower than one shows that the price has decreased over that time period. Mastercard Incorporated (MA) has a market cap of $156.56 billion and over the last 12 months, Mastercard Incorporated (NYSE:MA) has gone stronger by 39.34%.

Mastercard Incorporated most recently reported earnings per share (EPS) of $1.1 for the June 2017 versus $0.96 in the same quarter previous year, representing 15% growth.

Net revenue rose 18 per cent to US$3.40 billion. The return on assets stands at 23.5%, Return on Equity now is 75% and the Return on Investment value is 38.5%. It last reported revenues of $1.14 billion and EPS of $0.91 for the September 2017, representing 4% top-line growth and 0.91 EPS growth. During the same period in the prior year, the firm earned $0.91 earnings per share.

For the current quarter, 34 analysts are projecting a mean EPS of $1.23/share.

Total operating expenses rose 20.4 per cent to US$1.46 billion on costs partly related to buying digital payments company Vocalink. The ex-dividend date of this dividend is Wednesday, October 5th. The dividend payment will be $0.220 per share for the quarter or $0.88 annualized.

A number of research firms have commented on MA.

Mastercard shares hit a record earlier but lost ground and were down 1.3 percent at $147.02 mid-day. Finally, BidaskClub upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Wednesday, July 12th. Royal Bank Of Canada raised their price target on shares of MasterCard from $112.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, October 31st. There are brokerage firms with lower targets than the average, including one setting a price target of $33. Of the analysts surveyed by Reuters that track Weyerhaeuser Company 7 of them rate its stock a hold. Mastercard presently has an average rating of "Buy" and a consensus target price of $149.98. Institutional investors and hedge funds own 76.09% of the company's stock. Homrich & Berg increased its position in shares of MasterCard by 0.3% in the third quarter. Compagnie Lombard Odier SCmA increased its position in shares of MasterCard by 0.8% in the second quarter. Proficio Capital Partners LLC lifted its holdings in Mastercard by 1.3% during the 2nd quarter. HBK Sorce Advisory LLC now owns 5,129 shares of the company's stock valued at $452,000 after buying an additional 22 shares during the period. Company insiders own 0.30% of the company's stock.

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