Mutual of America Capital Management LLC Has $55.83 Million Stock Holdings in Mastercard Incorporated $MA

Key Points

• Mutual of America Capital Management LLC owns approximately $55.83 million in Mastercard, despite a recent 1.8% reduction in their holdings.
• Mastercard reported $4.15 earnings per share in its latest earnings release, surpassing analysts' expectations and showing a year-over-year revenue increase of 16.8%.
• The company announced a quarterly dividend of $0.76 with an annualized yield of 0.5%, set to be paid on November 7th.

Mutual of America Capital Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,360 shares of the credit services provider's stock after selling 1,792 shares during the period. Mastercard makes up approximately 0.6% of Mutual of America Capital Management LLC's holdings, making the stock its 16th biggest holding. Mutual of America Capital Management LLC's holdings in Mastercard were worth $55,834,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after buying an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard during the 2nd quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD raised its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares during the period. Wellington Management Group LLP raised its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the period. Finally, Nuveen LLC acquired a new stake in Mastercard during the 1st quarter worth approximately $4,238,764,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE:MA opened at $561.42 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a fifty day simple moving average of $580.22 and a 200 day simple moving average of $563.27. The stock has a market capitalization of $507.53 billion, a PE ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period last year, the business earned $3.50 earnings per share. The firm's revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent research reports. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company lifted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. TD Cowen reiterated a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Robert W. Baird lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and a consensus target price of $634.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.