Toronto Dominion Bank Boosts Position in Mastercard Inc (NYSE:MA)

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Toronto Dominion Bank boosted its holdings in shares of Mastercard Inc (NYSE:MA) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 678,939 shares of the credit services provider’s stock after buying an additional 2,920 shares during the quarter. Toronto Dominion Bank’s holdings in Mastercard were worth $157,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Center for Financial Services raised its position in Mastercard by 582.4% during the 1st quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock worth $28,000 after buying an additional 99 shares during the last quarter. Royal Fund Management LLC purchased a new position in Mastercard during the 1st quarter worth approximately $40,000. Evolution Wealth Advisors LLC grew its stake in shares of Mastercard by 530.4% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the period. Stuart Chaussee & Associates Inc. grew its stake in shares of Mastercard by 585.2% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 185 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 158 shares during the period. Finally, Virtus Alternative Investment Advisers Inc. acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $46,000. 73.72% of the stock is owned by institutional investors.

Shares of NYSE MA traded up $0.54 during midday trading on Tuesday, reaching $339.14. 2,394,845 shares of the stock were exchanged, compared to its average volume of 5,148,848. The company has a 50 day simple moving average of $332.26 and a 200 day simple moving average of $293.50. The stock has a market capitalization of $338.96 billion, a P/E ratio of 47.28, a PEG ratio of 2.75 and a beta of 1.11. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95. Mastercard Inc has a twelve month low of $199.99 and a twelve month high of $367.25.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The business’s revenue was down 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. On average, research analysts expect that Mastercard Inc will post 6.63 earnings per share for the current year.

In related news, Vice Chairman Ann Cairns sold 40,115 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the completion of the transaction, the insider now owns 107,377 shares of the company’s stock, valued at approximately $32,490,132.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 206,010 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $302.80, for a total transaction of $62,379,828.00. Following the transaction, the insider now directly owns 110,826,524 shares of the company’s stock, valued at approximately $33,558,271,467.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,052,367 shares of company stock valued at $320,098,053 in the last ninety days. 3.79% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on MA. Oppenheimer began coverage on shares of Mastercard in a research note on Friday, July 31st. They set a “hold” rating on the stock. Barclays upped their price target on shares of Mastercard from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Mizuho started coverage on shares of Mastercard in a research note on Wednesday, August 26th. They issued a “buy” rating and a $400.00 price target on the stock. KeyCorp raised their price target on shares of Mastercard from $300.00 to $340.00 and gave the company a “positive” rating in a research note on Monday, August 3rd. Finally, Citigroup raised their price target on shares of Mastercard from $317.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Six investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $346.25.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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