Mastercard Incorporated (NYSE:MA) Shares Bought by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 880 shares of the credit services provider’s stock after purchasing an additional 23 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Mastercard were worth $463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Creative Planning boosted its stake in shares of Mastercard by 5.8% in the third quarter. Creative Planning now owns 205,594 shares of the credit services provider’s stock worth $101,523,000 after acquiring an additional 11,331 shares during the last quarter. Swedbank AB boosted its stake in shares of Mastercard by 14.8% in the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after acquiring an additional 241,297 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Mastercard by 0.5% in the third quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after acquiring an additional 22 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Mastercard by 0.7% in the third quarter. Bleakley Financial Group LLC now owns 24,428 shares of the credit services provider’s stock worth $12,063,000 after acquiring an additional 165 shares during the last quarter. Finally, Secure Asset Management LLC acquired a new stake in shares of Mastercard in the third quarter worth approximately $233,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MA shares. Royal Bank of Canada lifted their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays boosted their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer lowered their price objective on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, TD Cowen boosted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Down 0.3 %

MA opened at $564.77 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The stock has a market capitalization of $518.36 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The business has a fifty day moving average price of $534.76 and a 200 day moving average price of $508.68.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a stock buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.89%.

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.