Mastercard Incorporated (NYSE:MA) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 426,754 shares of the credit services provider’s stock after selling 21,672 shares during the period. Toronto Dominion Bank’s holdings in Mastercard were worth $210,731,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services purchased a new stake in Mastercard during the 3rd quarter worth about $39,000. Fairway Wealth LLC acquired a new stake in Mastercard in the 2nd quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC grew its position in shares of Mastercard by 74.0% during the third 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 in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MA shares. Macquarie increased their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. Oppenheimer assumed coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $559.28.

Mastercard Stock Performance

Shares of MA stock opened at $529.16 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $485.68 billion, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a one year low of $411.60 and a one year high of $535.77. The company has a 50 day moving average price of $514.42 and a 200 day moving average price of $479.31.

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

Mastercard Announces Dividend

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

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

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.