Ninety One UK 13F: Adds $99M to Mastercard (MA) Stake

Ninety One UK added to its investment in Mastercard Incorporated (NYSE: MA), lifting its stake by 179,882 shares in a filing on October 15, 2026. Institutional investors like money managers use Form 13F filings with the SEC to report what stocks they own at the end of every quarter. Because these reports look backward, this filing shows holdings as of that past date and might not represent the fund's exact spot today.

Inside Ninety One UK's Mastercard Trade

With the addition of 179,882 shares, Ninety One UK grew its Mastercard position by 24.1% compared to the prior period. The fund ended the quarter holding 925,186 shares of the payment technology company. Those shares had a reported value of $510,212,334. This sizable add shows the fund leaning further into the credit services giant as part of its portfolio strategy.

Other Institutional Activity in Mastercard

Other large money managers also adjusted their holdings in Mastercard around the same reporting window. Blackrock Inc. reduced its holdings by 616,493 shares, ending with 66,393,565 shares worth about $40,992,713,767. Mastercard Foundation Asset Management Corp cut its stake by 4,886,010 shares, wrapping up the period with 60,347,774 shares valued at roughly $37,259,921,591. Vanguard Capital Management LLC trimmed its position by 214,580 shares, leaving it with 52,122,015 shares worth about $32,181,173,610. State Street Corporation grew its holdings by 485,172 shares, ending with 36,964,305 shares worth about $22,822,500,561. Finally, JPMORGAN CHASE & CO cut its stake by 4,428,182 shares, closing out the quarter with 28,228,027 shares worth about $17,428,547,947.

Mastercard Incorporated Stock Up 1.8%

Mastercard shares recently traded around $613.98 as of October 16, 2026. That puts the stock 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 stock sits just 0.9% below its 52-week high of $619.80 and well above its 52-week low of $464.52.

Recent Earnings

Mastercard generated $35,083,001,856 in trailing-twelve-month revenue. The company reported earnings of $18.18 per share over the same period. Mastercard boasts a net profit margin of 46.3% and a return on equity of 241.2%. The company's next earnings report is scheduled for October 29, 2026.

Dividend

Mastercard pays an annual dividend with a yield of 0.56%. The company pays out 17.9% of its earnings to shareholders as dividends.

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. On September 2, 2026, Officer J. Mehra Sachin sold 3,266 shares at $584.00 each, totaling $1,907,344. Director Julius Genachowski executed two planned sales under a Rule 10b5-1 trading plan: selling 371 shares at $585.01 on October 9, 2026, for $217,040.01, and selling 370 shares at $590.21 on October 12, 2026, for $218,377.70.

Analysts Set New Price Targets

Wall Street analysts remain broadly positive on Mastercard. On August 3, 2026, Cantor Fitzgerald maintained its Overweight rating and raised its price target to $695.00 from $650.00. Truist Securities maintained a Buy rating and lifted its target to $633.00 from $554.00 on August 5, 2026. Wolfe Research maintained an Outperform rating and pushed its target from $680.00 to $740.00 on August 25, 2026. RBC Capital maintained an Outperform rating with a $696.00 target on August 31, 2026. Baird maintained its Outperform rating and raised its target to $710.00 on October 9, 2026. Across the street, the stock holds a consensus strong buy rating with 37 analyst opinions and a mean price target of $671.23.

About Mastercard Incorporated

Mastercard Incorporated operates as a technology company that provides transaction processing and other payment-related products and services in the United States and internationally. It connects consumers, financial institutions, merchants, governments, and businesses to enable electronic payments across the globe.

Bottom Line

Ninety One UK's decision to increase its stake highlights continued institutional interest in the payment network. Investors will likely look toward Mastercard's upcoming earnings release on October 29, 2026, for further clues on transaction volume growth and overall financial health. Remember that 13F filings are historical snapshots and may not reflect the fund's current holdings today. 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.