Virginia Retirement Systems ET AL Cuts Holdings in Mastercard Inc (MA)

Virginia Retirement Systems ET AL cut its holdings in shares of Mastercard Inc (NYSE:MA) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 348,700 shares of the credit services provider’s stock after selling 73,700 shares during the period. Mastercard accounts for approximately 0.8% of Virginia Retirement Systems ET AL’s holdings, making the stock its 16th biggest holding. Virginia Retirement Systems ET AL’s holdings in Mastercard were worth $68,527,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC increased its stake in shares of Mastercard by 19,937.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,324,080 shares of the credit services provider’s stock valued at $6,699,000 after acquiring an additional 1,317,472 shares during the last quarter. BlackRock Inc. increased its stake in shares of Mastercard by 1.9% in the 1st quarter. BlackRock Inc. now owns 64,578,003 shares of the credit services provider’s stock valued at $11,311,482,000 after acquiring an additional 1,232,199 shares during the last quarter. GQG Partners LLC increased its stake in shares of Mastercard by 270.9% in the 1st quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock valued at $242,336,000 after acquiring an additional 1,010,530 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Mastercard by 9.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock valued at $1,560,860,000 after acquiring an additional 750,224 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mastercard by 17.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,657,010 shares of the credit services provider’s stock valued at $815,722,000 after acquiring an additional 694,700 shares during the last quarter. Institutional investors own 75.32% of the company’s stock.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.



NYSE:MA opened at $203.88 on Wednesday. Mastercard Inc has a twelve month low of $130.36 and a twelve month high of $214.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $210.44 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.67 and a beta of 1.16.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 20.0% on a year-over-year basis. sell-side analysts forecast that Mastercard Inc will post 6.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Shareholders of record on Monday, July 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.

A number of analysts have recently commented on MA shares. Bank of America upped their price target on Mastercard from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, May 4th. SunTrust Banks upped their price target on Mastercard to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Nomura upped their price target on Mastercard to $213.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Loop Capital upped their price target on Mastercard to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $202.70.

Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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