Toronto Dominion Bank boosted its position in shares of Mastercard Inc (NYSE:MA) by 12.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 631,619 shares of the credit services provider’s stock after buying an additional 68,176 shares during the period. Toronto Dominion Bank’s holdings in Mastercard were worth $123,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MA. Global X Management Co. LLC raised its stake in shares of Mastercard by 7.7% during the first quarter. Global X Management Co. LLC now owns 9,842 shares of the credit services provider’s stock valued at $1,724,000 after acquiring an additional 702 shares during the last quarter. HL Financial Services LLC raised its stake in shares of Mastercard by 10.0% during the first quarter. HL Financial Services LLC now owns 13,962 shares of the credit services provider’s stock valued at $2,446,000 after acquiring an additional 1,275 shares during the last quarter. FDx Advisors Inc. raised its stake in shares of Mastercard by 15.7% during the first quarter. FDx Advisors Inc. now owns 56,766 shares of the credit services provider’s stock valued at $9,943,000 after acquiring an additional 7,689 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Mastercard by 0.8% during the first quarter. Wells Fargo & Company MN now owns 4,526,210 shares of the credit services provider’s stock valued at $792,811,000 after acquiring an additional 33,695 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Mastercard by 7.1% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 114,364 shares of the credit services provider’s stock valued at $19,399,000 after acquiring an additional 7,601 shares during the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Shares of NYSE MA opened at $205.07 on Tuesday. Mastercard Inc has a fifty-two week low of $131.13 and a fifty-two week high of $214.28. The company has a market cap of $211.02 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. sell-side analysts anticipate that Mastercard Inc will post 6.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 9th. Shareholders of record on Monday, July 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s dividend payout ratio is 21.83%.

MA has been the subject of a number of research reports. Loop Capital increased their price target on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reissued a “hold” rating and issued a $209.00 price target on shares of Mastercard in a research note on Friday, July 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $213.00 price target on shares of Mastercard in a research note on Thursday, May 3rd. Buckingham Research increased their price target on shares of Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, UBS Group initiated coverage on shares of Mastercard in a research note on Thursday, May 17th. They issued a “neutral” rating and a $205.00 price target for the company. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $202.70.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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