Teachers Retirement System of The State of Kentucky Has $24.41 Million Stake in Mastercard Incorporated (MA)
Teachers Retirement System of The State of Kentucky lowered its stake in Mastercard Incorporated (NYSE:MA) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 217,015 shares of the credit services provider’s stock after selling 10,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mastercard were worth $24,407,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in MA. American Beacon Advisors Inc. bought a new stake in Mastercard during the first quarter valued at approximately $100,000. Lipe & Dalton bought a new stake in Mastercard during the first quarter valued at approximately $101,000. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the period. First Bank & Trust boosted its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the period. Finally, Tarbox Group Inc. boosted its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,033 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.
Mastercard Incorporated (MA) traded up 0.34% during mid-day trading on Tuesday, hitting $131.53. The company had a trading volume of 686,662 shares. Mastercard Incorporated has a one year low of $94.41 and a one year high of $132.20. The company’s 50 day moving average price is $126.79 and its 200-day moving average price is $117.76. The company has a market cap of $140.07 billion, a PE ratio of 32.64 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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Several equities research analysts have recently commented on the company. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. increased their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research cut Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective for the company. in a research report on Monday, May 22nd. Finally, BMO Capital Markets increased their price objective on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock worth $109,574,694 over the last ninety days. 0.30% of the stock is owned by insiders.
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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