409 Shares in Mastercard Incorporated (NYSE:MA) Bought by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. purchased a new position in Mastercard Incorporated (NYSE:MA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 409 shares of the credit services provider’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Goldstein Advisors LLC increased its stake in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the last quarter. Community Bank N.A. lifted its stake in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp lifted its stake in shares of Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC lifted its stake in shares of Mastercard by 2.6% in the third quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after acquiring an additional 21 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its stake in Mastercard by 4.8% during the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after buying an additional 21 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. TD Cowen increased their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Finally, UBS Group increased their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

Shares of NYSE:MA traded down $0.63 during midday trading on Tuesday, hitting $530.73. The company’s stock had a trading volume of 257,273 shares, compared to its average volume of 2,452,356. The stock has a market capitalization of $487.12 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 2.37 and a beta of 1.10. The stock’s 50 day simple moving average is $510.37 and its 200 day simple moving average is $476.43. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $535.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.66 per share. 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 dividend payout ratio is 19.97%.

About Mastercard

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.