Mastercard Incorporated (NYSE:MA) is Seilern Investment Management Ltd’s Largest Position

Seilern Investment Management Ltd trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 20.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,711 shares of the credit services provider’s stock after selling 70,614 shares during the period. Mastercard comprises 10.0% of Seilern Investment Management Ltd’s investment portfolio, making the stock its largest position. Seilern Investment Management Ltd’s holdings in Mastercard were worth $152,767,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new stake in Mastercard during the 4th quarter valued at $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $32,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

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, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock worth $20,885,067 over the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.8%

MA stock opened at $590.03 on Friday. The stock has a market capitalization of $537.94 billion, a P/E ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $591.16. The business has a fifty day moving average price of $547.49 and a 200-day moving average price of $541.93.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.31 EPS. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating 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, Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

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.