Arizona State Retirement System Increases Stock Holdings in Mastercard Incorporated $MA

Arizona State Retirement System boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 250,248 shares of the credit services provider’s stock after buying an additional 12,164 shares during the period. Mastercard makes up approximately 0.8% of Arizona State Retirement System’s holdings, making the stock its 15th largest holding. Arizona State Retirement System’s holdings in Mastercard were worth $142,344,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Curio Wealth LLC raised its position in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after purchasing an additional 4,700 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Mastercard by 88.9% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after buying an additional 7,215 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after buying an additional 9,052 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after buying an additional 931,132 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Q4 earnings topped expectations — EPS beat, GDV and cross‑border volumes were key drivers of topline and margin strength. Mastercard’s Q4 Earnings Beat on Strong GDV, Cross-Border Volume
• Positive Sentiment: Management laid out strategy beyond cards — investment in agentic commerce and stablecoins as alternative rails, signaling longer‑term revenue opportunities from new payment rails and value‑added services. Mastercard Leans Into Agentic Commerce and Stablecoins While Card Volumes Rise
• Positive Sentiment: Analyst support: Cantor Fitzgerald upgraded MA to a stronger rating, adding buy‑side momentum after the quarter. Cantor Fitzgerald upgrade via Zacks
• Neutral Sentiment: Full earnings call transcripts and highlights are available for detail on guidance and metric cadence (useful for modeling but not a surprise to the market). Mastercard Incorporated (MA) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Product mentions and card reviews (Forbes pieces) note Mastercard network adoption on new card products — relevant for network volume over time but not immediately market moving. MBNA True Line Mastercard Review
• Negative Sentiment: Mastercard will reduce roughly 4% of its global workforce after a business review — could be read as cost discipline (positive for margins) but introduces execution and morale risks. Mastercard to lay off 4% of its global workforce, CFO says
• Negative Sentiment: Valuation and sector‑risk commentary: some analysts and commentators say MA looks expensive, and broader payments/consumer‑spend headwinds or regulatory pressure could cap near‑term upside. Mastercard stock is expensive, but Q4 earnings still warrant a buy
• Negative Sentiment: Investor note on sector risks highlights macro and regulatory uncertainties that could amplify volatility for payments leaders despite strong fundamentals. Investor Outlook: Mastercard earnings underscore sector risks

Analysts Set New Price Targets

A number of equities research analysts recently commented on MA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Truist Financial set a $609.00 price objective on Mastercard in a research report on Tuesday, January 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $631.00 target price on shares of Mastercard in a research report on Thursday. Finally, KeyCorp reiterated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Five analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $662.63.

Mastercard Stock Performance

Shares of MA stock opened at $543.66 on Friday. The business has a fifty day moving average of $554.59 and a 200 day moving average of $564.43. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $488.21 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.55. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a $0.87 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 22.25%.

About Mastercard

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.