S.E.E.D. Planning Group LLC Has $6.46 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

S.E.E.D. Planning Group LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 9.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,788 shares of the credit services provider’s stock after selling 1,219 shares during the quarter. Mastercard accounts for 2.2% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 18th largest holding. S.E.E.D. Planning Group LLC’s holdings in Mastercard were worth $6,461,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Whalerock Point Partners LLC lifted its position in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after buying an additional 185 shares during the last quarter. Dock Street Asset Management Inc. lifted its holdings in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after purchasing an additional 1,194 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock valued at $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its holdings in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after purchasing an additional 93 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.3%

Shares of NYSE:MA opened at $577.36 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $543.16 and its 200-day moving average is $539.17. The company has a market capitalization of $526.39 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.37 and a beta of 1.06.

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 the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $608.57.

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.