TD Waterhouse Canada Inc. Purchases 623 Shares of Mastercard Incorporated (NYSE:MA)

TD Waterhouse Canada Inc. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,622 shares of the credit services provider’s stock after acquiring an additional 623 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mastercard were worth $56,735,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares during the period. Passumpsic Savings Bank raised its position in shares of Mastercard by 2.9% during the 3rd quarter. Passumpsic Savings Bank now owns 4,990 shares of the credit services provider’s stock valued at $2,464,000 after acquiring an additional 139 shares during the last quarter. Advisory Resource Group lifted its stake in shares of Mastercard by 1.3% in the 3rd quarter. Advisory Resource Group now owns 2,276 shares of the credit services provider’s stock valued at $1,124,000 after purchasing an additional 29 shares during the period. Virtu Financial LLC boosted its position in shares of Mastercard by 18.5% in the 3rd quarter. Virtu Financial LLC now owns 3,105 shares of the credit services provider’s stock worth $1,533,000 after purchasing an additional 485 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Mastercard by 4.2% during the third quarter. SkyView Investment Advisors LLC now owns 5,035 shares of the credit services provider’s stock worth $2,493,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. Macquarie boosted their target price on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $607.96.

Mastercard Stock Performance

MA opened at $517.46 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $471.77 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The business has a 50 day moving average of $537.86 and a 200-day moving average of $529.26.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Insider Buying and Selling at Mastercard

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 transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’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 value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Mastercard

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.