Ninety One North America 13F: Cuts Mastercard (MA) Stake by $23M

Ninety One North America cut its stake in Mastercard Incorporated (NYSE: MA) during the period, according to a Form 13F filing with the SEC on October 15, 2026. Institutional filings look backward at portfolio choices made during the previous quarter, meaning this disclosure shows where the fund stood at that time and may not match its exact holdings today.

What Changed in Ninety One North America's Mastercard Position

Ninety One North America lowered its holdings by 42,119 shares, marking a 39.6% decrease from the previous quarter. The fund finished the period with 64,070 shares of the payment technology company. The remaining stake had a reported value of about $35.3 million.

Other Institutional Activity in Mastercard

Other major investment firms also adjusted their positions in Mastercard around the same time. Blackrock Inc. trimmed its holdings by 616,493 shares, ending with 66,393,565 shares worth about $41.0 billion. Mastercard Foundation Asset Management Corp reduced its stake by 4,886,010 shares, leaving it with 60,347,774 shares valued at roughly $37.3 billion. Vanguard Capital Management LLC cut its holdings by 214,580 shares to finish with 52,122,015 shares worth about $32.2 billion. Meanwhile, State Street Corporation grew its holdings by 485,172 shares, ending with 36,964,305 shares valued at about $22.8 billion. JPMORGAN CHASE & CO reduced its stake by 4,428,182 shares, ending with 28,228,027 shares worth roughly $17.4 billion.

Mastercard Incorporated Stock Up 1.8%

Mastercard shares recently traded around $613.98 as of October 16, 2026. The stock sits about 6.8% above its 50-day moving average of $574.78 and roughly 15.2% above its 200-day moving average of $532.80. The company carries a market capitalization of roughly $539.9 billion and trades near its 52-week high of $619.80.

Recent Earnings

Mastercard reported trailing twelve-month revenue of $35.1 billion alongside trailing earnings of $18.18 per share. The company posted a net profit margin of 46.3% and a return on equity of 241.2%. Its next quarterly financial update is scheduled for October 29, 2026.

Dividend

Mastercard pays an annual dividend with a yield of 0.56%. The company's dividend payout ratio stands at 17.9%, leaving plenty of earnings retained for business growth.

Insider Buying and Selling at Mastercard Incorporated

Company insiders have also been active in the market. On August 31, 2026, officer Linda Pistecchia Kirkpatrick sold 923 shares at an average price of $593.54 for a total value of $547,837. Shortly after, on September 2, 2026, officer J. Mehra Sachin sold 3,266 shares at $584.00 per share, totaling roughly $1.9 million. Director Julius Genachowski sold 371 shares on October 9, 2026, at an average price of $585.01 for a total of $217,040, and followed up by selling another 370 shares on October 12, 2026, at $590.21 per share for a total of $218,378 under a planned trading strategy.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive outlook on the stock. On August 3, 2026, Cantor Fitzgerald maintained its Overweight rating while raising its price target to $695.00 from $650.00. Truist Securities kept a Buy rating on August 5, 2026, boosting its target to $633.00. Wolfe Research maintained an Outperform rating on August 25, 2026, raising its target to $740.00. RBC Capital kept an Outperform rating on August 31, 2026, lifting its target to $696.00. Baird reaffirmed an Outperform rating on October 9, 2026, with a $710.00 price target. Overall, Mastercard holds a consensus Strong Buy rating from 37 analysts, with a mean price target of $671.23.

About Mastercard Incorporated

Mastercard Incorporated operates a massive global payment network that connects consumers, financial institutions, merchants, and governments. The company provides transaction processing and related financial services across the globe, playing a central role in digital and credit card commerce.

Bottom Line

Investors will look toward Mastercard's upcoming earnings report on October 29, 2026, for fresh details on transaction volumes and revenue growth. Institutional filings like this one provide a helpful look at how large funds managed their risk during the previous quarter. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.