T. Rowe Price Investment Management Inc. Grows Stock Holdings in Mastercard Incorporated $MA

Posted by Stanley Muller on Jun 19th, 2026

T. Rowe Price Investment Management Inc. grew its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 31.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,524,059 shares of the credit services provider’s stock after acquiring an additional 605,608 shares during the period. Mastercard accounts for 0.9% of T. Rowe Price Investment Management Inc.’s holdings, making the stock its 22nd biggest holding. T. Rowe Price Investment Management Inc. owned about 0.28% of Mastercard worth $1,440,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of MA. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 18 shares during the period. Affinity Capital Advisors LLC increased its holdings in Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after purchasing an additional 19 shares during the period. Abacus Planning Group Inc. raised its position in Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 19 shares in the last quarter. Thomasville National Bank raised its position in Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC lifted its holdings in shares of Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after buying an additional 19 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MA shares. UBS Group dropped their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Citigroup lowered their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.04.

View Our Latest Stock Report on Mastercard

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Positive Sentiment: Mastercard is pushing deeper into AI-driven “agentic commerce” with its new Agent Pay and related partnerships, which could help it capture more of the next wave of digital payments as AI agents begin shopping and paying on behalf of consumers. Article Title
Positive Sentiment: Mastercard expanded its cross-border payments footprint through partnerships involving PaidBy and the Appia Foundation, reinforcing its international network and transaction growth opportunities. Article Title
Positive Sentiment: Zacks highlighted Mastercard’s network-focused model, faster growth profile, and estimated upside versus American Express, suggesting the stock may still have room to rerate as digital payments expand. Article Title
Positive Sentiment: Mastercard announced a quarterly dividend, which can appeal to income-focused investors and signals continued cash generation and shareholder returns.
Neutral Sentiment: Mastercard executives said consumers are still navigating the current economy reasonably well, which supports the view that spending trends remain stable but does not directly change the company’s outlook. Article Title
Neutral Sentiment: Commentary on Mastercard’s former CMO and broader AI-driven marketing trends is more about the company’s thought leadership than a direct financial catalyst. Article Title
Neutral Sentiment: Coverage comparing Mastercard with Remitly Global and a note about Mastercard being a top-ranked momentum stock are generally supportive, but they are more market commentary than new fundamentals. Article Title Article Title
Negative Sentiment: News that Russia is working on a plan to remove Visa and Mastercard highlights geopolitical and regulatory risk that could weigh on long-term international payment volumes. Article Title

Mastercard Price Performance

Shares of MA opened at $490.73 on Friday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a 50 day moving average of $499.08 and a two-hundred day moving average of $521.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the business posted $3.73 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.