Mutual of America Capital Management LLC Trims Stake in Mastercard Incorporated $MA

Mutual of America Capital Management LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,156 shares of the credit services provider’s stock after selling 1,541 shares during the quarter. Mastercard comprises 0.6% of Mutual of America Capital Management LLC’s portfolio, making the stock its 18th largest position. Mutual of America Capital Management LLC’s holdings in Mastercard were worth $53,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several brokerages recently issued reports on MA. Truist Financial reduced their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Loop Capital initiated coverage on shares of Mastercard in a report on Tuesday, March 31st. They set a “buy” rating and a $631.00 target price for the company. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Citigroup dropped their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada dropped their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard News Summary

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

Mastercard Trading Up 0.4%

NYSE:MA opened at $496.08 on Tuesday. The company’s 50 day moving average price is $501.32 and its 200-day moving average price is $526.96. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap 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 (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company 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 firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.73 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Company Profile

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.