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

Toronto Dominion Bank decreased its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,754 shares of the credit services provider’s stock after selling 21,672 shares during the quarter. Toronto Dominion Bank’s holdings in Mastercard were worth $210,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.2 %

Shares of NYSE MA opened at $529.16 on Wednesday. The stock has a market capitalization of $485.68 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $514.42 and a 200 day moving average price of $479.31. Mastercard Incorporated has a 1-year low of $411.60 and a 1-year high of $535.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the company earned $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup upped their price target on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $559.28.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.