Intrepid Capital Management Inc. Acquires New Stake in Mastercard Incorporated (NYSE:MA)

Intrepid Capital Management Inc. acquired a new stake in Mastercard Incorporated (NYSE:MA) during the 3rd quarter, Holdings Channel reports. The fund acquired 409 shares of the credit services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter valued at about $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter valued at about $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Compass Point assumed coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Price Performance

Shares of Mastercard stock traded down $0.63 on Tuesday, hitting $530.73. 257,273 shares of the company traded hands, compared to its average volume of 2,452,356. The firm’s 50-day simple moving average is $510.37 and its 200 day simple moving average is $476.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $487.12 billion, a P/E ratio of 40.17, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $3.39 EPS. Analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

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.