Mastercard Incorporated (NYSE:MA) Stake Decreased by Seilern Investment Management Ltd

Seilern Investment Management Ltd lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,711 shares of the credit services provider's stock after selling 70,614 shares during the quarter. Mastercard accounts for 10.0% of Seilern Investment Management Ltd's holdings, making the stock its biggest position. Seilern Investment Management Ltd's holdings in Mastercard were worth $152,767,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Addison Advisors LLC increased its stake 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 in the last quarter. Augustine Asset Management Inc. increased its stake in shares of Mastercard by 1.1% during 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 in the last quarter. Richard W. Paul & Associates LLC boosted its position in shares of Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC grew its stake in shares of Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC increased its position in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on MA shares. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday. Finally, Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Price Performance

Shares of NYSE:MA traded down $5.73 during midday trading on Monday, reaching $584.39. 1,935,931 shares of the company were exchanged, compared to its average volume of 2,602,713. The stock has a market cap of $532.79 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business's fifty day moving average is $547.49 and its two-hundred day moving average is $542.12. Mastercard Incorporated has a one year low of $428.86 and a one year high of $595.38. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. Insiders own 0.09% of the company's stock.

Mastercard 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.