Mutual of America Capital Management LLC Sells 2,534 Shares of Mastercard Incorporated (NYSE:MA)

Mutual of America Capital Management LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,152 shares of the credit services provider's stock after selling 2,534 shares during the quarter. Mastercard makes up approximately 0.6% of Mutual of America Capital Management LLC's holdings, making the stock its 17th biggest holding. Mutual of America Capital Management LLC's holdings in Mastercard were worth $55,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MA. Vanguard Group Inc. increased its position in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC boosted its stake in shares of Mastercard by 4.3% in the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard in the 4th quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP boosted its stake in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Truist Financial initiated coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 over the last ninety days. 0.09% of the stock is currently owned by company insiders.

Mastercard Price Performance

NYSE MA opened at $550.04 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market capitalization of $501.48 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The firm's 50 day moving average is $568.42 and its 200-day moving average is $547.76.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The firm's revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.

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