Mastercard Incorporated (NYSE:MA) is TCW Group Inc.'s 9th Largest Position

TCW Group Inc. lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 370,403 shares of the credit services provider's stock after selling 6,107 shares during the quarter. Mastercard comprises approximately 1.6% of TCW Group Inc.'s holdings, making the stock its 9th biggest holding. TCW Group Inc.'s holdings in Mastercard were worth $182,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its stake in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Sarasin & Partners LLP grew its holdings in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock worth $410,813,000 after buying an additional 37,486 shares in the last quarter. Principal Financial Group Inc. increased its stake in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after buying an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock worth $2,474,151,000 after purchasing an additional 100,550 shares during the period. Finally, SteelPeak Wealth LLC grew its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock worth $2,174,000 after purchasing an additional 1,612 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Up 1.0 %

Shares of NYSE:MA traded up $5.44 on Wednesday, hitting $534.45. 1,956,821 shares of the company's stock were exchanged, compared to its average volume of 2,460,128. The stock has a market capitalization of $490.53 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The business's 50 day simple moving average is $515.08 and its two-hundred day simple moving average is $479.86. Mastercard Incorporated has a 12 month low of $411.60 and a 12 month high of $535.89. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA - Get Free Report) last announced its 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 business had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.27 billion. During the same quarter last year, the firm earned $3.39 EPS. The business's revenue for the quarter was up 12.8% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.49%. Mastercard's dividend payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler restated an "overweight" rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research report on Monday, November 25th. KeyCorp upped their price target on Mastercard from $515.00 to $580.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $559.28.

Insider Activity at Mastercard

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

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.