Mastercard Incorporated (NYSE:MA) Stake Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,622 shares of the credit services provider's stock after buying an additional 623 shares during the period. TD Waterhouse Canada Inc.'s holdings in Mastercard were worth $56,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Addison Advisors LLC grew its holdings in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC boosted its position in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. grew its holdings in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. grew its holdings in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after purchasing an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC increased its position in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.4 %

Shares of Mastercard stock traded down $2.20 during trading hours on Friday, hitting $533.26. 2,006,101 shares of the company's stock traded hands, compared to its average volume of 2,622,724. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock has a 50 day simple moving average of $534.74 and a 200-day simple moving average of $529.64. The company has a market cap of $486.18 billion, a PE ratio of 38.39, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. Mastercard's dividend payout ratio (DPR) is 21.89%.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. Finally, Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $607.96.

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.