Sustainable Growth Advisers 13F: Cuts MA Stake by $88M

Sustainable Growth Advisers cut its investment in Mastercard Incorporated (NYSE: MA) during the period, according to a Form 13F regulatory filing disclosed on October 15, 2026. Institutional 13F filings are backward-looking reports that show a fund's holdings at the end of a specific quarter and may not reflect its current position today.

What Changed in Sustainable Growth Advisers's Mastercard Position

The fund reduced its holdings by 159,501 shares, marking a 41.9% decrease from the previous quarter. Sustainable Growth Advisers ended the period with 220,367 shares of the credit services company, with a reported value of about $121.5 million.

Other Institutional Activity in Mastercard

Other large funds also made moves with their Mastercard holdings. Blackrock Inc. reduced its holdings by 616,493 shares, ending with 66,393,565 shares worth about $40.99 billion. Mastercard Foundation Asset Management Corp cut its stake by 4,886,010 shares, wrapping up the period with 60,347,774 shares valued at about $37.26 billion. Vanguard Capital Management LLC trimmed its position by 214,580 shares to hold 52,122,015 shares worth about $32.18 billion. State Street Corporation grew its holdings by 485,172 shares, ending with 36,964,305 shares worth about $22.82 billion. JPMORGAN CHASE & CO cut its stake by 4,428,182 shares, finishing with 28,228,027 shares valued at about $17.43 billion.

Mastercard Incorporated Stock Up 2.3%

Mastercard shares recently traded around $613.98 as of October 16, 2026, sitting up about 6.8% above its 50-day moving average of $574.78. The stock is about 0.9% below its 52-week high of $619.80 and trades well above its 52-week low of $464.52. The company has a market capitalization of about $539.9 billion and a trailing price-to-earnings ratio of 33.9.

Recent Earnings

For its trailing twelve-month period, Mastercard reported $35.08 billion in revenue and earnings of $18.18 per share. The company posted a net profit margin of 46.3% alongside a return on equity of 241.2%. Year-over-year revenue growth reached 14.1%. The company's next earnings report is scheduled for October 29, 2026.

Dividend

Mastercard pays an annual dividend with a current dividend yield of 0.56% and a payout ratio of 17.9%.

Insider Buying and Selling at Mastercard Incorporated

Several insiders executed stock sales prior to the filing. Officer Linda Pistecchia Kirkpatrick sold 923 shares on August 31, 2026, at an average price of $593.54 for a total value of about $547,837. Officer J. Mehra Sachin sold 3,266 shares on September 2, 2026, at $584.00 per share, totaling about $1.91 million. Director Julius Genachowski sold 371 shares on October 9, 2026, at $585.01 per share for a value of about $217,040 under a planned trading arrangement, followed by the sale of 370 shares on October 12, 2026, at $590.21 per share for about $218,378.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on Mastercard. On August 3, 2026, Cantor Fitzgerald maintained an Overweight rating while raising its price target to $695.00 from $650.00. Truist Securities maintained a Buy rating on August 5, 2026, lifting its target from $554.00 to $633.00. Wolfe Research maintained an Outperform rating on August 25, 2026, raising its target to $740.00 from $680.00. RBC Capital maintained an Outperform rating on August 31, 2026, hiking its target to $696.00 from $642.00. Baird maintained an Outperform rating on October 9, 2026, boosting its target to $710.00 from $660.00. The stock carries a consensus recommendation of Strong Buy with a mean price target of $671.23 across 37 analyst opinions.

About Mastercard

Mastercard Incorporated operates as a global technology company providing transaction processing and payment-related services. It connects consumers, financial institutions, merchants, governments, and businesses worldwide to facilitate electronic payments across credit, debit, and prepaid cards.

Bottom Line

Sustainable Growth Advisers lowered its exposure to Mastercard by a notable margin during the period. Investors will look toward the company's upcoming earnings release on October 29, 2026, for further updates on financial performance and transaction volumes. Remember that 13F filings are historical snapshots and may not reflect the fund's current holdings today.