Mastercard Incorporated (NYSE:MA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,968 shares of the credit services provider's stock after selling 1,937 shares during the quarter. Mastercard makes up 0.5% of Mutual of America Capital Management LLC's portfolio, making the stock its 19th biggest holding. Mutual of America Capital Management LLC's holdings in Mastercard were worth $51,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Sarasin & Partners LLP lifted its stake in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock worth $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Mastercard during the 1st quarter valued at $608,000. SteelPeak Wealth LLC increased its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock worth $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Finally, OMC Financial Services LTD bought a new position in Mastercard in the 1st quarter worth $17,854,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.3 %

MA traded up $1.49 on Friday, hitting $521.89. The company had a trading volume of 2,408,193 shares, compared to its average volume of 2,555,392. Mastercard Incorporated has a 12-month low of $395.55 and a 12-month high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business's fifty day simple moving average is $504.09 and its 200 day simple moving average is $471.18. The company has a market cap of $479.01 billion, a PE ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.39 EPS. Equities research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard's dividend payout ratio (DPR) is presently 19.97%.

Analyst Ratings Changes

Several analysts have issued reports on MA shares. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a report on Thursday. Argus upgraded shares of Mastercard to a "strong-buy" rating in a research note on Thursday, August 1st. Susquehanna upped their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. BNP Paribas cut shares of Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Finally, Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $549.16.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company's stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,370 shares of company stock valued at $97,749,218. Company insiders own 0.10% of the company's stock.

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.