Toronto Dominion Bank grew its stake in Mastercard Inc (NYSE:MA) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,271 shares of the credit services provider’s stock after buying an additional 45,736 shares during the period. Toronto Dominion Bank’s holdings in Mastercard were worth $63,159,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of MA. Vanguard Group Inc. raised its position in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares during the last quarter. Janus Henderson Group PLC raised its position in Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Jennison Associates LLC raised its position in Mastercard by 0.5% in the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after purchasing an additional 82,024 shares during the last quarter. Capital Research Global Investors raised its position in Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors raised its position in Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after purchasing an additional 289,488 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
A number of equities analysts have commented on the stock. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective for the company in a research report on Thursday, March 1st. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Monday, February 5th. BMO Capital Markets upped their price objective on shares of Mastercard to $206.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $177.40.
In related news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
Shares of Mastercard Inc (MA) opened at $180.95 on Friday. The company has a market cap of $189,375.28, a PE ratio of 49.58, a P/E/G ratio of 1.66 and a beta of 1.17. Mastercard Inc has a 12 month low of $110.33 and a 12 month high of $183.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. equities analysts anticipate that Mastercard Inc will post 5.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is 27.40%.
Mastercard announced that its Board of Directors has approved a share buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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