Mutual of America Capital Management LLC Sells 1,541 Shares of Mastercard Incorporated $MA

Mutual of America Capital Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,156 shares of the credit services provider’s stock after selling 1,541 shares during the period. Mastercard comprises 0.6% of Mutual of America Capital Management LLC’s portfolio, making the stock its 18th largest holding. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $53,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. raised its position in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares during the period. State Street Corp raised its position in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the period. Geode Capital Management LLC raised its position in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after acquiring an additional 349,369 shares during the period. Norges Bank bought a new position in Mastercard in the fourth quarter worth approximately $6,705,708,000. Finally, Capital Research Global Investors raised its position in Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after acquiring an additional 629,941 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.4%

Shares of MA stock opened at $496.08 on Tuesday. The company has a market capitalization of $438.33 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a one year low of $480.50 and a one year high of $601.77. The company’s fifty day moving average price is $501.32 and its 200-day moving average price is $526.96. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $3.73 EPS. Sell-side analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MA. Susquehanna decreased their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Loop Capital began coverage on shares of Mastercard in a research report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price target on the stock. Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 price target on shares of Mastercard in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $656.04.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: TD Cowen reiterated its Buy rating on Mastercard with a $671 price target, citing Q1 results that showed 12% net revenue growth and reinforcing a constructive view on the company’s growth outlook. TD Cowen Reaffirms Buy Rating on Mastercard (MA) After Q1 Results
• Positive Sentiment: Mastercard joined a European cross-border instant payments pilot with the central banks of Denmark and Sweden, a move that highlights continued expansion in faster payments and could support long-term transaction growth. Mastercard Joins European Cross-Border Instant Payments Pilot
• Positive Sentiment: Mastercard also rolled out new AI-powered fraud and merchant-trust tools, which should help strengthen network security and reduce fraud-related losses over time. Mastercard Tightens Fraud Rules And AI Tools As Share Price Slips
• Neutral Sentiment: Several investor commentary pieces argued Mastercard screens attractively after a year of underperformance, suggesting valuation support but not a near-term catalyst by itself. Visa at $326, Mastercard at $493: Buy, Sell or Hold?
• Neutral Sentiment: Mastercard was mentioned in a report about Berkshire Hathaway removing the stock from its portfolio, which may create some headline pressure, though the impact on fundamentals appears limited. Another fintech giant gets the pink slip from Warren Buffett’s Berkshire

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.