Toronto Dominion Bank Grows Stake in Mastercard Incorporated (NYSE:MA)

Toronto Dominion Bank grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,329 shares of the credit services provider’s stock after purchasing an additional 25,575 shares during the period. Mastercard makes up about 0.4% of Toronto Dominion Bank’s portfolio, making the stock its 29th biggest holding. Toronto Dominion Bank’s holdings in Mastercard were worth $238,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MA. Whalerock Point Partners LLC boosted its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its holdings in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after acquiring an additional 1,194 shares during the period. Avestar Capital LLC lifted its position in Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after acquiring an additional 550 shares during the period. Finally, Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at about $6,022,224,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. UBS Group cut their price objective on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $606.25.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 in the last 90 days. 0.10% of the stock is owned by insiders.

Mastercard Trading Down 1.0%

Shares of Mastercard stock opened at $564.23 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45. The firm has a market capitalization of $514.41 billion, a PE ratio of 40.62, a P/E/G ratio of 2.37 and a beta of 1.06. The firm’s 50-day moving average price is $540.36 and its 200 day moving average price is $538.06.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $3.31 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard 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.