Coronation Fund Managers 13F: Cuts Mastercard (MA) Stake by $8.1M
Key Points
- The fund's reduction of 14,743 shares represents a 10.0% decrease from its previous position of 147,028 shares.
- Coronation Fund Managers held 132,285 $MA shares at quarter end, down 10.03% from the prior quarter.
- As of October 28, 2026, Mastercard shares were recently trading around $609.95, about equal to its closing price of $609.85 on the filing date.
- Mastercard has a market cap of approximately $537.4 billion, with a trailing twelve-month revenue of about $35.1 billion.
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On October 27, 2026, Coronation Fund Managers cut its stake in Mastercard Incorporated (MA) by 14,743 shares, bringing its total to 132,285 shares. The reported value of this position is about $72.9 million. This information comes from the fund's latest Form 13F filing with the SEC.
Coronation's reduction in shares reflects a 10.0% decrease from its previous holdings of 147,028 shares. The position now makes up 4.16% of Coronation's total reported portfolio, ranking 8th among its holdings.
MA
Mastercard Incorporated
Other Institutional Activity in Mastercard
Tokio Marine Asset Management reduced its holdings in Mastercard by 3,087 shares, ending with 85,161 shares valued at about $46.9 million. Mastercard Foundation Asset Management Corp also cut its stake by 4,886,010 shares, bringing its total to 60,347,774 shares worth approximately $36.8 billion.
Mastercard Incorporated Stock Down 2.2%
As of October 28, 2026, Mastercard shares were recently trading around $609.95, which is about equal to the closing price of $609.85 on October 27. The stock is currently above its 50-day moving average by about 4.7% and 14.1% above its 200-day average, indicating a strong performance trend.
Recent Earnings
Mastercard reported trailing twelve-month revenue of approximately $35.1 billion, with a net margin of 46.3%. The next earnings report is scheduled for October 29, 2026, which may provide further insights into the company's performance.
Insider Buying and Selling at Mastercard Incorporated
Several insiders sold shares in recent months. Linda Pistecchia Kirkpatrick, an officer, sold 923 shares at $593.54 on August 31, 2026. J. Mehra Sachin, also an officer, sold 3,266 shares at $584.00 on September 2, 2026. Chief Financial Officer Hai Ling sold 4,317 shares at $620.00 on October 16, 2026.
Analysts Set New Price Targets
On October 23, 2026, Truist Securities maintained a Buy rating on Mastercard with a price target of $674. This follows several previous ratings, including an Outperform rating from Baird on October 9, 2026, with a target of $710. The consensus recommendation for Mastercard is a strong buy, with a mean price target of $676.04 based on 37 analyst opinions.
About Mastercard
Mastercard Incorporated is a technology company that provides transaction processing and payment-related products and services globally. The company's strong market position and robust revenue growth make it a significant player in the financial services sector.
Bottom Line
Investors will be watching Mastercard's upcoming earnings report on October 29, 2026, for insights into its performance. Further filings from Coronation Fund Managers could shed light on their future investment strategies.
Related Filing Alerts
Source: Coronation Fund Managers's 13F filing on $MA (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts