Teacher Retirement System of Texas Has $188.29 Million Holdings in Mastercard Incorporated $MA

Teacher Retirement System of Texas raised its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,822 shares of the credit services provider’s stock after acquiring an additional 33,848 shares during the quarter. Mastercard makes up 0.7% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 17th largest holding. Teacher Retirement System of Texas’ holdings in Mastercard were worth $188,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares in the last quarter. State Street Corp grew its stake in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Capital Research Global Investors grew its stake in Mastercard by 6.5% during the 3rd 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 acquiring an additional 629,941 shares in the last quarter. Legal & General Group Plc grew its stake in Mastercard by 4.2% during the 3rd quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after acquiring an additional 235,403 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Mastercard by 6.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock valued at $3,218,638,000 after buying an additional 339,137 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.3%

Shares of Mastercard stock opened at $509.83 on Thursday. The stock has a market capitalization of $454.67 billion, a P/E ratio of 30.86, a PEG ratio of 1.64 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a 50 day moving average price of $508.40 and a two-hundred day moving average price of $538.62. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77.

Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 19.52 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is currently 21.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore reissued a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Wells Fargo & Company boosted their price target on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Raymond James Financial lowered their price target on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. JPMorgan Chase & Co. lowered their price target on Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Finally, Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $659.81.

View Our Latest Analysis on Mastercard

About Mastercard

(Free Report)

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.

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