Lombard Odier Asset Management Switzerland SA Has $20.64 Million Stock Holdings in Mastercard Incorporated $MA

Lombard Odier Asset Management Switzerland SA trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 18.6% during the fourth quarter, HoldingsChannel reports. The fund owned 36,154 shares of the credit services provider’s stock after selling 8,280 shares during the quarter. Mastercard comprises 0.9% of Lombard Odier Asset Management Switzerland SA’s holdings, making the stock its 16th largest position. Lombard Odier Asset Management Switzerland SA’s holdings in Mastercard were worth $20,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Riggs Asset Managment Co. Inc. grew its holdings in Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares during the last quarter. Affinity Capital Advisors LLC grew its holdings in Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares during the last quarter. Thomasville National Bank grew its holdings in Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its holdings in Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 2.1%

Shares of NYSE:MA opened at $501.00 on Wednesday. The company has a market capitalization of $442.67 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $499.39 and its 200-day moving average is $522.78. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.73 EPS. Equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.

Analysts Set New Price Targets

Several research analysts have commented on MA shares. Citigroup cut their target price on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Susquehanna cut their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Truist Financial cut their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada cut their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.