Mastercard Incorporated (NYSE:MA) registered a -0.01% decrease, still its new closing price is 39.56% up from the company’s 1 year high of 108.86.It posted 0.87% gains in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 12 buy or better ratings. The 35 stock analysts following this company have an average price target at $119.33, with individual PT in the $92.00-$133.00 range. The shares moved at $108.70, implying that brokerage firms see shares gaining about 20.81% in twelve months time.
Mastercard Incorporated (MA) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.50% rise year to date. A 10% Owner at Mastercard Incorporated (MA) offloaded shares in a transaction closed on Monday November 21, 2016. MasterCard Foundation sold 48,424 shares in the company at $104.98 each and collected $5,083,001 in proceeds. MasterCard Foundation now owns 114,132,787 shares in the company after this transaction. A 10% Owner in the company, MasterCard Foundation, disclosed a transaction on Thursday November 17, 2016 that ended up generating $7,500,001 from the sale of 72,624 shares at $103.28 per share.
Mastercard Incorporated (NYSE:MA) Upcoming Results on Tap
Mastercard Incorporated will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.09 in that period. Sales during the quarter are predicted to arrive at $2.73 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.88 billion in revenue and EPS of $1.08. The mean forecast was for $2.75 billion and $0.98 a share, respectively. One quarter earlier, revenue for the stock was at $2.69 billion, with earnings at $0.96/share.
Mastercard Incorporated (MA) Brokerage Update
Mastercard Incorporated (MA) is in RBC Capital Mkts’s research list so their analyst rating change is noteworthy. These shares were upgraded to Top Pick from Outperform by RBC Capital Mkts, according to news reported on Thursday January 05, 2017.Another important research note was issued by BofA/Merrill on Thursday December 15, 2016.The firm upgraded MA to Buy from Neutral. Over the last six months and over the last three months, the shares of Mastercard Incorporated (MA), have changed 20.02% and 8.22%, respectively.
Mastercard Incorporated (NYSE:MA) today launched 2KUZE, a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. 2KUZE, which in Swahili means “Let’s grow together,” enables farmers to buy, sell and receive payments for agricultural goods via their feature phones. The platform brings the benefits and security of mobile commerce and payments to farmers in Kenya, Uganda and Tanzania.
2KUZE was developed at the Mastercard Lab for Financial Inclusion in Nairobi, which was set up in 2015 to develop practical and cost-effective financial tools that expand access and help build stable futures for more than 100 million people globally. Through a grant from the Bill & Melinda Gates Foundation, the Lab is working with East African entrepreneurs, governments and other stakeholders to develop local products rooted in the company’s global knowhow.
In the initial pilot, 2KUZE is being launched in partnership with Cafédirect Producers Foundation, a non-profit organization working with 300,000 smallholder farmers globally. Currently, 2,000 small-scale farmers in Nandi Hills, Kenya are using the solution to sell their produce and working with farmer-friendly agents to ensure they reach the right buyers for the best price.
2KUZE makes transacting much safer and simpler for all stakeholders in the agricultural supply chain – the farmer, the buyer and the agent. Farmers using 2KUZE can conduct the entire transaction of selling produce and receiving payments via their feature phones, without having to walk for hours to the markets. The platform enables farmers to capture a greater percentage of the wholesale value of their goods by providing price transparency, more direct access to buyers and empowerment of farmer-friendly agents.
This solution in particular supports women farmers, who often have household duties that prevent them from leaving the farm gate and are more often subject to having to take whatever deal is given to them on the day. Digitizing these transactions in a trusted, auditable environment provides a legitimate financial footprint, opening up access to loans and other financial services, and also introducing a more efficient process that benefits the entire value chain, as well as the overall economy.
Mastercard Lab is exploring the potential for 2KUZE to help farming communities receive the right level of investment and to encourage more efficient ways of doing business with smallholder farmers.
2KUZE is one of several broad-based collaborations on which the Mastercard Lab for Financial Inclusion is working. The Lab was established in Africa to contribute to the company’s global commitment to connect 500 million people to formal financial services through the use of public-private partnerships with governments, the private sector and non-governmental organizations.