Compagnie Lombard Odier SCmA Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Compagnie Lombard Odier SCmA boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 880 shares of the credit services provider’s stock after buying 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 hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after buying an additional 257,312 shares during the period. FMR LLC raised its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the period. Geode Capital Management LLC raised its holdings in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the period. International Assets Investment Management LLC raised its holdings in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after buying an additional 304,293 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

Shares of NYSE:MA opened at $564.77 on Friday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The stock has a market cap 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 quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a 50-day moving average price of $534.76 and a 200-day moving average price of $508.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating 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%. Equities analysts predict that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard Announces Dividend

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

Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MA shares. TD Cowen increased their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Barclays increased their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada increased their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Company 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.