Toronto Dominion Bank reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 426,754 shares of the credit services provider's stock after selling 21,672 shares during the period. Toronto Dominion Bank's holdings in Mastercard were worth $210,731,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Temasek Holdings Private Ltd grew its position in Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Sarasin & Partners LLP increased its position in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock valued at $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after acquiring an additional 138,842 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its stake in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock valued at $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Institutional investors own 97.28% of the company's stock.
Insider Buying and Selling at Mastercard
In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a "buy" rating in a report on Friday, November 15th. Macquarie raised their price target on Mastercard from $505.00 to $565.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a "neutral" rating and a $525.00 price objective on the stock. Morgan Stanley boosted their price target on Mastercard from $544.00 to $564.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Mizuho raised their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $559.28.
Get Our Latest Stock Report on MA
Mastercard Stock Up 0.8 %
Shares of Mastercard stock traded up $4.48 during trading on Wednesday, reaching $533.49. 1,235,335 shares of the company traded hands, compared to its average volume of 2,456,025. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $489.65 billion, a PE ratio of 40.28, a P/E/G ratio of 2.35 and a beta of 1.10. The company has a 50 day moving average price of $515.08 and a 200-day moving average price of $479.86. Mastercard Incorporated has a 1-year low of $411.60 and a 1-year high of $535.89.
Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $3.39 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.
Mastercard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard's payout ratio is currently 19.97%.
Mastercard Profile
(
Free Report)
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.
See Also
Before you consider Mastercard, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mastercard wasn't on the list.
While Mastercard currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.