Veritas Asset Management LLP Trims Position in Mastercard Incorporated $MA

Posted by George Bondi on Sep 8th, 2026

Veritas Asset Management LLP reduced its position in Mastercard Incorporated (NYSE:MA – Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 995,345 shares of the credit services provider’s stock after selling 67,969 shares during the quarter. Mastercard makes up about 9.5% of Veritas Asset Management LLP’s investment portfolio, making the stock its 2nd biggest holding. Veritas Asset Management LLP owned approximately 0.11% of Mastercard worth $511,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Riggs Asset Managment Co. Inc. increased its holdings in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares during the last quarter. Castle Rock Wealth Management LLC boosted its holdings in Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after purchasing an additional 19 shares during the period. Athena Wealth Management LLC increased its stake in Mastercard by 3.8% during the second quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock valued at $264,000 after purchasing an additional 19 shares during the last quarter. Novem Group raised its holdings in shares of Mastercard by 0.4% during the second quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock worth $2,404,000 after purchasing an additional 19 shares during the period. Finally, Vista Capital Partners Inc. raised its holdings in shares of Mastercard by 4.5% during the second quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MA shares. Royal Bank Of Canada lifted their price target on shares of Mastercard from $642.00 to $696.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Raymond James Financial restated an “outperform” rating and issued a $632.00 target price on shares of Mastercard in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $701.00 target price on shares of Mastercard in a report on Thursday, July 30th. Truist Financial boosted their price objective on Mastercard from $554.00 to $633.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Clear Str upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $666.64.

View Our Latest Analysis on MA

Insiders Place Their Bets

In related news, insider Linda Kirkpatrick sold 4,280 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the sale, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. This represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the sale, the chief executive officer owned 115,921 shares of the company’s stock, valued at $65,806,033.28. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,623 shares of company stock valued at $42,544,606 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $8.86 during trading hours on Tuesday, hitting $570.35. The stock had a trading volume of 2,705,394 shares, compared to its average volume of 3,620,135. The stock’s fifty day simple moving average is $561.02 and its 200 day simple moving average is $522.20. The firm has a market capitalization of $499.63 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.66 and a beta of 0.74. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.77 by $0.27. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.15 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.87 per share. The ex-dividend date was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.14%.

About Mastercard

(Free Report)

Mastercard Incorporated (NYSE: MA) is a global technology company that operates a payments network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payment transactions, including credit, debit, prepaid and commercial payments, by providing the infrastructure used to authorize, clear and settle transactions.

Mastercard’s products and services include its Mastercard-branded payment cards, digital payment tools, contactless payment technology and payment solutions for businesses and governments.