Teacher Retirement System of Texas lifted its position in shares of Mastercard Inc (NYSE:MA) by 13.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 277,196 shares of the credit services provider’s stock after buying an additional 33,798 shares during the period. Mastercard accounts for approximately 0.6% of Teacher Retirement System of Texas’ portfolio, making the stock its 27th largest holding. Teacher Retirement System of Texas’ holdings in Mastercard were worth $82,768,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in Mastercard by 81.4% during the third quarter. Alps Advisors Inc. now owns 9,650 shares of the credit services provider’s stock worth $2,620,000 after purchasing an additional 4,331 shares during the period. K.J. Harrison & Partners Inc raised its stake in Mastercard by 353.4% during the third quarter. K.J. Harrison & Partners Inc now owns 6,143 shares of the credit services provider’s stock worth $1,668,000 after purchasing an additional 4,788 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in Mastercard by 7.6% during the third quarter. Newman Dignan & Sheerar Inc. now owns 2,464 shares of the credit services provider’s stock worth $669,000 after purchasing an additional 175 shares during the period. CENTRAL TRUST Co increased its position in shares of Mastercard by 3.8% in the fourth quarter. CENTRAL TRUST Co now owns 39,558 shares of the credit services provider’s stock worth $11,812,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Summit Financial Group Inc. acquired a new stake in shares of Mastercard in the fourth quarter worth $216,000. 74.39% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on MA shares. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Monday, December 23rd. Citigroup increased their price objective on shares of Mastercard from $317.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Macquarie started coverage on shares of Mastercard in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $365.00 price objective for the company. Nomura reissued a “buy” rating on shares of Mastercard in a research report on Monday, January 20th. Finally, Morgan Stanley increased their price objective on shares of Mastercard from $338.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $337.58.
In other Mastercard news, CMO Venkata R. Madabhushi sold 8,444 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $315.00, for a total transaction of $2,659,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 7,492 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $335.00, for a total transaction of $2,509,820.00. Following the transaction, the chief marketing officer now directly owns 16,459 shares of the company’s stock, valued at $5,513,765. The disclosure for this sale can be found here. Over the last three months, insiders have sold 430,024 shares of company stock valued at $137,189,140. 3.70% of the stock is owned by company insiders.
MA traded up $1.68 during trading hours on Thursday, reaching $335.84. 3,000,738 shares of the stock traded hands, compared to its average volume of 3,748,331. The firm’s fifty day simple moving average is $314.49 and its two-hundred day simple moving average is $287.68. The company has a market cap of $333.21 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.28 and a beta of 1.01. Mastercard Inc has a fifty-two week low of $215.93 and a fifty-two week high of $337.83. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.42 and a quick ratio of 1.39.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.09. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.40 billion. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. On average, research analysts predict that Mastercard Inc will post 9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.48%. The ex-dividend date is Wednesday, April 8th. Mastercard’s dividend payout ratio is currently 20.59%.
Mastercard announced that its Board of Directors has authorized a stock buyback plan on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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