Mutual of America Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,376 shares of the credit services provider’s stock after purchasing an additional 556 shares during the period. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $13,891,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Glassman Wealth Services lifted its holdings in Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares in the last quarter. Concert Wealth Management Inc. lifted its holdings in Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares in the last quarter. Berkshire Asset Management LLC PA lifted its holdings in Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after purchasing an additional 18 shares in the last quarter. Finally, First Interstate Bank lifted its holdings in Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.
Shares of Mastercard Incorporated (MA) opened at $150.33 on Friday. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $157,031.33, a P/E ratio of 34.42, a PEG ratio of 1.97 and a beta of 1.21.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.
MA has been the topic of several recent analyst reports. Wedbush reiterated a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC increased their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Citigroup Inc. increased their price objective on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Instinet reiterated a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $157.68.
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In other news, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,582,984 in the last three months. 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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