Mastercard Incorporated $MA Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc decreased its stake in Mastercard by 3.4% during Q2, owning 963,644 shares valued at approximately $541.5 million.
• Several financial analysts maintain a positive outlook on Mastercard, with an average rating of "Buy" and a consensus target price of $634.04.
• Mastercard recently announced a quarterly dividend of $0.76 per share, reflecting a 0.5% yield, to be paid on November 7th to shareholders of record.

TD Asset Management Inc lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 963,644 shares of the credit services provider's stock after selling 33,674 shares during the period. TD Asset Management Inc owned 0.11% of Mastercard worth $541,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MA. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research note on Wednesday, October 8th. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $634.04.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA opened at $558.89 on Tuesday. The stock's 50-day moving average is $580.79 and its two-hundred day moving average is $563.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $505.24 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business's revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

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.

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