Mastercard Incorporated (NYSE:MA) Touches a New 52-Week High


Korea Investment Corp isn't the only one who has changed their investment in MA. Its stake was worth $96,301,000 an increase of $12,328,000 as of quarter end.

A number of research firms have commented on MA. The biggest holder now is Ajaypal Banga who owns 171,753 shares (0.02% of those outstanding), whilst Christopher D. Thom holds 133,933 (0.01% of shares outstanding) and Alan J. Heuer holds 85,432 (0.0080% of shares outstanding). The company's quarterly EPS surprised Wall Street by as much as 6% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Korea Investment Corp downsized its position by selling 9,400 shares a decrease of 1.4% from 06/30/2017 to 09/30/2017.

In terms of performance, shares of Mastercard Incorporated (NYSE:MA) are 44.26% since the start of 2016.

As of quarter end Sumitomo Mitsui Asset Management Company, Ltd had acquired a total of 171,873 shares growing its position 42.6%. The value of the company's investment in Mastercard Incorporated increased from $67,429,000 to $78,634,000 a change of 16.6% quarter over quarter.

Total operating expenses rose 20.4 per cent to US$1.46 billion on costs partly related to buying digital payments company Vocalink. The total value of its holdings increased 14.7%. Barclays PLC boosted their price objective on Mastercard from $142.00 to $148.00 and gave the company an "overweight" rating in a research note on Friday, September 8th. On October 2, 2017 Buckingham added MA to its research portfolio with a rating of "Buy".

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On October 18 Citigroup held the company rating at "Buy" but raised the price expectation to $167.00 from $107.00.

The company is up since yesterday's close of 148.52.

Looking forward, the company's quarterly earnings are expected to come at $0.84 in the three months through December 2017 and $0.91 in the quarter ending March 2018, reflecting 25.37% and 8.33% growth, respectively. The dividend yield will be $0.60. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $151.48. The stock's last price was lower from the average trading price of 50 days recorded at $54.79 while enlarging the period to 200 trading days, the average price was $57.8. The stock has a market capitalization of $158.12 billion, a price-to-earnings ratio of 36.84 and a beta of 1.18.

Sanford C. Bernstein reiterated their buy rating on shares of Mastercard Incorporated (NYSE:MA) in a research note issued to investors on Monday morning. For the quarter ending Mar-18, 22 analysts have a mean sales target of 3,147.10 million whilst for the year ending Dec-17, 34 analysts have a mean target of 12,293.10 million.

Shares in both Mastercard and rival Visa Inc., which are the networks on which most credit- and debit-card transactions are processed in the US and many markets overseas, are up more than 40% this year. The firm had a fall in short interest between September 15, 2017 and September 29, 2017 of -23.47%. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, MA has 20.67% which indicates Bullish trends and this can also make isolating trends easier.