PineStone Asset Management 13F: Cuts MA Stake by $24M

PineStone Asset Management trimmed its stake in Mastercard Incorporated (NYSE: MA) by 43,240 shares, reducing its total holdings to about 1,788,772 shares, valued at approximately $986.5 million. This adjustment was disclosed in a filing on October 16, 2026.

What Changed in PineStone Asset Management's Mastercard Position

PineStone Asset Management reduced its position in Mastercard by about 2.4%. The fund now holds approximately 1.79 million shares, down from 1.83 million shares previously.

Other Institutional Activity in Mastercard

In the same quarter, several other institutions adjusted their positions in Mastercard. Blackrock Inc. sold off 616,493 shares, ending with about 66.4 million shares valued at approximately $40.9 billion. Mastercard Foundation Asset Management Corp decreased its holdings by 4.9 million shares, now holding about 60.3 million shares worth around $37.3 billion. Vanguard Capital Management LLC trimmed its stake by 214,580 shares, resulting in about 52.1 million shares valued at roughly $32.2 billion. State Street Corporation increased its holdings by 485,172 shares, now owning about 36.9 million shares valued at around $22.8 billion, while JPMorgan Chase & Co. reduced its position by 4.4 million shares, holding 28.2 million shares worth about $17.4 billion.

Mastercard Incorporated Stock Up 2.3%

Mastercard's recent share price is around $613.98, which is above its 50-day moving average by 6.8% and above its 200-day average by 15.2%. However, it is still below its 52-week high of $619.80 by about 0.9%.

Recent Earnings

Mastercard reported trailing twelve-month revenue of approximately $35.1 billion, with a year-over-year revenue growth of 14.1%. The company achieved a net margin of 46.3% and a return on equity of 241.2%. The next earnings date is scheduled for October 29, 2026.

Insider Buying and Selling at Mastercard Incorporated

Recent insider activity includes Julius Genachowski, a director, who sold 371 shares on October 9, 2026, for about $217,040. He sold another 370 shares on October 12, 2026, valued at around $218,378. Also, insiders Oki Matsumoto and Merit Janow bought shares earlier on June 16, 2026.

Analysts Set New Price Targets

Analysts have maintained their positive outlook on Mastercard. On August 3, 2026, Cantor Fitzgerald maintained an 'Overweight' rating with a target of $695. Truist Securities followed on August 5, 2026, with a 'Buy' rating and a target of $633. Wolfe Research and RBC Capital also maintained their 'Outperform' ratings, with targets of $740 and $696, respectively. Baird reaffirmed its 'Outperform' rating on October 9, 2026, with a new target of $710.

About Mastercard Incorporated

Mastercard Incorporated is a technology company that provides payment processing and related services globally. The company plays a crucial role in facilitating transactions for consumers and businesses, which is vital for its growth and stability.

Bottom Line

Watch for Mastercard's upcoming earnings report scheduled for October 29, 2026, as it may provide additional insights into performance trends. Keep in mind that the filing reflects holdings as of this quarter and may not represent PineStone's current position. 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.