Mastercard Incorporated $MA Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,768 shares of the credit services provider’s stock after purchasing an additional 9,831 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mastercard were worth $90,301,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after buying an additional 72,461,743 shares during the period. State Street Corp raised its holdings in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the period. Geode Capital Management LLC lifted its position in Mastercard by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after acquiring an additional 349,369 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after acquiring an additional 759,584 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, insider J. Mehra Sachin sold 3,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $571.87, for a total value of $1,715,610.00. Following the sale, the insider owned 40,916 shares of the company’s stock, valued at $23,398,632.92. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This represents a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 62,913 shares of company stock worth $35,769,036. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Mastercard from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Keefe, Bruyette & Woods upped their price objective on shares of Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Barclays raised their target price on Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their target price on Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $661.93.

Mastercard Trading Down 0.0%

NYSE:MA opened at $574.21 on Thursday. The firm has a market capitalization of $503.01 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.73 and a beta of 0.72. The business has a 50 day simple moving average of $535.21 and a 200 day simple moving average of $517.37. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $4.15 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a dividend of $0.87 per share. The ex-dividend date was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.14%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.