Mutual of America Capital Management LLC Sells 1,282 Shares of Mastercard Incorporated (NYSE:MA)

Mutual of America Capital Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 103,686 shares of the credit services provider’s stock after selling 1,282 shares during the quarter. Mastercard accounts for 0.6% of Mutual of America Capital Management LLC’s portfolio, making the stock its 17th largest holding. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $54,598,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after buying an additional 1,553,329 shares in the last quarter. FMR LLC lifted its position in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in Mastercard by 52.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after acquiring an additional 409,334 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 2.0 %

Shares of NYSE MA opened at $576.08 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $525.22 billion, a PE ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10. The company’s fifty day simple moving average is $542.83 and its 200 day simple moving average is $517.21. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. UBS Group increased their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Tigress Financial boosted their price objective on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 13th. Finally, Macquarie increased their target price on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.11.

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.