Mastercard Incorporated (NYSE:MA) Shares Acquired by University of Texas Texas AM Investment Management Co.

Key Points

• The University of Texas Texas AM Investment Management Co. increased its holdings in Mastercard by 134.5%, now owning 33,061 shares worth approximately $18.12 million.
• Mastercard announced a quarterly dividend of $0.76 per share, with a yield of 0.54%, to be paid on August 8th.
• Several analysts have recently revised their price targets for Mastercard, with UBS raising it to $670 and Truist lowering it to $612, reflecting varied market sentiments.

University of Texas Texas AM Investment Management Co. boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 134.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,061 shares of the credit services provider's stock after buying an additional 18,960 shares during the quarter. Mastercard accounts for approximately 3.1% of University of Texas Texas AM Investment Management Co.'s holdings, making the stock its 4th biggest holding. University of Texas Texas AM Investment Management Co.'s holdings in Mastercard were worth $18,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares in the last quarter. Northern Trust Corp boosted its stake in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. 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 worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $650.00 target price on shares of Mastercard in a research note on Tuesday, July 15th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Five research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Stock Performance

Shares of MA traded up $15.48 during midday trading on Thursday, reaching $574.59. The stock had a trading volume of 2,001,359 shares, compared to its average volume of 2,811,570. The firm has a 50 day simple moving average of $564.74 and a 200-day simple moving average of $550.97. Mastercard Incorporated has a one year low of $439.59 and a one year high of $594.71. The firm has a market cap of $523.86 billion, a PE ratio of 40.29, a P/E/G ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by corporate insiders.

About Mastercard

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.