Mutual of America Capital Management LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,820 shares of the credit services provider’s stock after buying an additional 178 shares during the period. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $12,801,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Integrated Investment Consultants LLC raised its position in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the period. Lipe & Dalton bought a new position in shares of Mastercard during the first quarter valued at $101,000. Kistler Tiffany Companies LLC raised its position in shares of Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the period. Israel Discount Bank of New York GFN bought a new position in shares of Mastercard during the fourth quarter valued at $110,000. Finally, Archford Capital Strategies LLC raised its position in shares of Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,113 shares during the period. 75.76% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded down 0.41% during trading on Tuesday, hitting $129.84. 2,062,533 shares of the stock were exchanged. The firm has a 50 day moving average of $125.68 and a 200-day moving average of $116.78. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The company has a market cap of $138.27 billion, a price-to-earnings ratio of 32.22 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. On average, analysts forecast that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.
MA has been the subject of several recent research reports. Cowen and Company reissued an “outperform” rating and issued a $137.00 price objective (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. BidaskClub lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets raised their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 762,845 shares of company stock worth $98,241,535. Corporate insiders own 0.30% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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