Toronto Dominion Bank Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Toronto Dominion Bank grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 452,329 shares of the credit services provider's stock after buying an additional 25,575 shares during the quarter. Mastercard makes up about 0.4% of Toronto Dominion Bank's investment portfolio, making the stock its 29th largest holding. Toronto Dominion Bank's holdings in Mastercard were worth $238,177,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MA. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the period. Dock Street Asset Management Inc. lifted its stake in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after purchasing an additional 1,194 shares during the period. Avestar Capital LLC boosted its position in shares of Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares in the last quarter. Finally, Baldwin Investment Management LLC grew its stake in Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 in the last quarter. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley cut their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. UBS Group lifted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $608.57.

Mastercard Stock Performance

NYSE:MA traded up $0.82 during trading hours on Friday, reaching $578.60. The company had a trading volume of 634,194 shares, compared to its average volume of 2,598,094. The firm has a market cap of $527.51 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm's 50 day moving average price is $543.16 and its 200-day moving average price is $539.17. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Company Profile

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.