TD Asset Management Inc Sells 32,163 Shares of Mastercard Incorporated $MA

Key Points

• TD Asset Management reduced its Mastercard stake by 3.6% in the fourth quarter, selling 32,163 shares and leaving it with 852,349 shares valued at about $486.6 million.
• Institutional ownership remains very high, with 97.28% of Mastercard stock held by institutions; several smaller funds also added to their positions during the period.
• Analysts are still broadly constructive on Mastercard, with an average Buy rating and a consensus price target of $656.04, even though some firms recently trimmed targets or downgraded the stock.

TD Asset Management Inc cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 852,349 shares of the credit services provider's stock after selling 32,163 shares during the period. TD Asset Management Inc owned approximately 0.09% of Mastercard worth $486,589,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Tacita Capital Inc lifted its stake in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock worth $32,000 after purchasing an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider's stock valued at $33,000 after acquiring an additional 20 shares during the last quarter. Finally, Birchbrook Inc. bought a new position in shares of Mastercard during the fourth quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on MA shares. Evercore reaffirmed a "negative" rating on shares of Mastercard in a research note on Tuesday, March 17th. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a "buy" rating and a $700.00 price objective for the company. Citigroup lowered their price objective on shares of Mastercard from $735.00 to $675.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Loop Capital reaffirmed a "buy" rating and set a $631.00 price objective on shares of Mastercard in a research note on Wednesday. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $656.04.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding settlement capabilities to include stablecoin, intraday, weekend, and holiday options, a move that could improve payment efficiency and strengthen its role in digital asset infrastructure. Mastercard Prepares to Expand Network Capabilities for New Settlement Choices
• Positive Sentiment: Reports that Mastercard is backing a new stablecoin platform, alongside Stripe and Visa, suggest growing adoption of blockchain-based payments and possible new revenue opportunities. Mastercard and Visa Back Stealth Stablecoin Platform
• Positive Sentiment: Loop Capital reaffirmed its Buy rating and set a $631 price target, signaling confidence that Mastercard can continue to outperform from current levels. Benzinga coverage of Loop Capital rating
• Positive Sentiment: Mastercard is also being highlighted for testing instant cross-currency payments and broader cross-border settlement tools, which could support international transaction volume and deepen relationships with banks and merchants. Mastercard tests instant cross-currency payments on TIPS platform
• Neutral Sentiment: Mastercard named Ling Hai as its next CFO and moved Sachin Mehra into a new chief business officer role. The changes appear aimed at sharpening execution, but they also add some near-term uncertainty around leadership transition. Mastercard names Ling Hai CFO, moves Sachin Mehra to new role
• Neutral Sentiment: Mastercard’s presentation at the Evercore Global TMT Conference and commentary on Gen Z spending behavior were largely informational, offering no immediate catalyst but reinforcing the company’s longer-term consumer and network strategy. Mastercard Incorporated (MA) Presents at 2026 Evercore Global TMT Conference Transcript
• Negative Sentiment: A report that U.S. sanctions are interrupting Visa and Mastercard payments in Cuba is a reminder that geopolitical and regulatory issues can still disrupt network usage in certain markets. US sanctions interrupt Visa, Mastercard payments in Cuba

Mastercard Price Performance

MA stock opened at $472.62 on Thursday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a market cap of $417.60 billion, a P/E ratio of 27.35, a PEG ratio of 1.49 and a beta of 0.74. The firm has a 50-day moving average of $500.38 and a 200 day moving average of $525.79. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the firm earned $3.73 earnings per share. Mastercard's revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Company Profile

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.

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