Mutual of America Capital Management LLC Lowers Position in Mastercard Incorporated (NYSE:MA)

Mutual of America Capital Management LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 104,968 shares of the credit services provider’s stock after selling 1,937 shares during the period. Mastercard comprises about 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $51,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldstein Advisors LLC grew its position in Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 20 shares during the period. McLean Asset Management Corp grew its holdings in shares of Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares during the period. Oldfather Financial Services LLC grew its holdings in shares of Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after acquiring an additional 21 shares during the period. Transcendent Capital Group LLC increased its position in Mastercard by 4.8% during the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after acquiring an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC lifted its holdings in Mastercard by 1.7% in the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,370 shares of company stock worth $97,749,218 over the last three months. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on MA. Macquarie boosted their price target on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen increased their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, KeyCorp upped their price objective on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Performance

NYSE:MA opened at $521.89 on Friday. The stock’s 50 day simple moving average is $504.09 and its two-hundred day simple moving average is $471.18. Mastercard Incorporated has a 1 year low of $395.55 and a 1 year high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $3.39 EPS. The business’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is presently 19.97%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.