Lombard Odier Asset Management Switzerland SA Grows Stock Position in Mastercard Incorporated $MA

Lombard Odier Asset Management Switzerland SA raised its position in Mastercard Incorporated (NYSE:MA) by 11.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 42,172 shares of the credit services provider’s stock after acquiring an additional 4,277 shares during the period. Mastercard makes up about 1.2% of Lombard Odier Asset Management Switzerland SA’s holdings, making the stock its 13th largest holding. Lombard Odier Asset Management Switzerland SA’s holdings in Mastercard were worth $23,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Cove Private Wealth LLC boosted its holdings in Mastercard by 80.3% in the 1st quarter. Cove Private Wealth LLC now owns 5,424 shares of the credit services provider’s stock worth $2,973,000 after buying an additional 2,415 shares during the period. Paulson Wealth Management Inc. grew its stake in Mastercard by 9.1% in the 1st quarter. Paulson Wealth Management Inc. now owns 1,028 shares of the credit services provider’s stock valued at $563,000 after buying an additional 86 shares in the last quarter. Staley Capital Advisers Inc. raised its holdings in Mastercard by 3.8% during the 1st quarter. Staley Capital Advisers Inc. now owns 5,942 shares of the credit services provider’s stock valued at $3,257,000 after acquiring an additional 219 shares during the period. Finally, Independent Advisor Alliance raised its holdings in Mastercard by 6.0% during the 1st quarter. Independent Advisor Alliance now owns 28,817 shares of the credit services provider’s stock valued at $15,795,000 after acquiring an additional 1,630 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.1%

NYSE MA opened at $539.47 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The stock’s 50-day simple moving average is $555.98 and its two-hundred day simple moving average is $566.79. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $484.45 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.14 and a beta of 0.87.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.89 EPS. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Compass Point set a $620.00 target price on Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. Hsbc Global Res upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday. Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $652.50.

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.