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

TD Waterhouse Canada Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,768 shares of the credit services provider’s stock after buying 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 Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. CKW Financial Group acquired a new position in shares of Mastercard in the 2nd quarter valued at $58,000. Platform Technology Partners raised its position in Mastercard by 14.4% in the 2nd quarter. Platform Technology Partners now owns 3,895 shares of the credit services provider’s stock valued at $2,001,000 after purchasing an additional 490 shares during the last quarter. Wealth Advisory Solutions LLC purchased a new stake in Mastercard in the 2nd quarter valued at $204,000. BridgePort Financial Solutions LLC boosted its stake in Mastercard by 6.0% during the 2nd quarter. BridgePort Financial Solutions LLC now owns 442 shares of the credit services provider’s stock worth $227,000 after purchasing an additional 25 shares during the period. Finally, WealthBridge Capital Management LLC boosted its stake in Mastercard by 0.8% during the 2nd quarter. WealthBridge Capital Management LLC now owns 5,550 shares of the credit services provider’s stock worth $2,851,000 after purchasing an additional 43 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the transaction, the insider directly owned 3,322 shares in the company, valued at $1,793,880. The trade was a 5.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at approximately $8,625,225. The trade was a 22.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 62,913 shares of company stock worth $35,769,036. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on MA shares. Loop Capital restated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Cantor Fitzgerald raised their price target on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley boosted their price target on Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods upped their price objective on Mastercard from $665.00 to $685.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Barclays increased their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mastercard has an average 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 company has a market capitalization of $503.01 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The stock has a fifty day simple moving average of $535.21 and a 200-day simple moving average of $517.37.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the previous year, the firm earned $4.15 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. 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%.

About Mastercard

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.