Public Employees Retirement System of Ohio Has $262.35 Million Holdings in Mastercard Incorporated $MA

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Mastercard by 14.8% during Q2, owning approximately $262.35 million worth of shares by the end of the reporting period.
• Mastercard reported earnings of $4.15 per share for its most recent quarter, surpassing analysts' expectations, along with a 16.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.76 per share to be paid on November 7th, with a payout ratio of 20.50%.

Public Employees Retirement System of Ohio lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,865 shares of the credit services provider's stock after purchasing an additional 60,069 shares during the quarter. Mastercard makes up about 0.9% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 13th largest position. Public Employees Retirement System of Ohio owned 0.05% of Mastercard worth $262,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard in the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD boosted its stake in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Wellington Management Group LLP boosted its stake in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Truist Financial decreased their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $630.89.

Mastercard Price Performance

Mastercard stock opened at $569.51 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $514.84 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.40 and a beta of 0.99. The business's fifty day moving average is $578.24 and its two-hundred day moving average is $559.49. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business's revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,449 shares of company stock worth $21,974,441. Insiders own 0.09% of the company's stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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