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

Compagnie Lombard Odier SCmA raised its position in Mastercard Incorporated (NYSE:MA) by 121.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the credit services provider’s stock after purchasing an additional 1,068 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Mastercard were worth $1,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after purchasing an additional 377,302 shares in the last quarter. FMR LLC increased its stake in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP increased its stake in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was 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 directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MA shares. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. Finally, Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $588.75 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a 50 day moving average of $553.50 and a two-hundred day moving average of $543.65. The company has a market capitalization of $536.77 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last released its quarterly 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.