Mutual of America Capital Management LLC increased its position in shares of Mastercard Inc (NYSE:MA) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,340 shares of the credit services provider’s stock after buying an additional 3,178 shares during the period. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $17,609,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC bought a new stake in Mastercard in the third quarter valued at $102,000. Wealthcare Advisory Partners LLC bought a new stake in Mastercard in the third quarter valued at $106,000. Thompson Davis & CO. Inc. increased its stake in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. Cerebellum GP LLC bought a new stake in Mastercard in the fourth quarter valued at $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Mastercard by 63.0% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock valued at $133,000 after purchasing an additional 340 shares in the last quarter. 75.51% of the stock is owned by institutional investors and hedge funds.
Mastercard Inc (NYSE MA) opened at $175.76 on Friday. Mastercard Inc has a twelve month low of $109.76 and a twelve month high of $177.11. The firm has a market cap of $186,070.00, a PE ratio of 39.32, a P/E/G ratio of 1.60 and a beta of 1.26. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. analysts predict that Mastercard Inc will post 5.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 22.37%.
Mastercard declared that its board has authorized a share buyback plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several research firms have weighed in on MA. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target for the company in a research note on Wednesday. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a research note on Monday, February 5th. BMO Capital Markets lifted their price target on shares of Mastercard to $206.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price target on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.
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Mastercard Company Profile
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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