Troy Asset Management Ltd Grows Stake in Mastercard Incorporated $MA

Key Points

• Troy Asset Management increased its Mastercard stake by 8% in the second quarter to 138,720 shares valued at approximately $71.2 million. Institutional investors collectively own 97.28% of the company.
• Mastercard reported strong quarterly results, with EPS of $5.04 and revenue of $9.28 billion, beating estimates and marking 14.1% year-over-year revenue growth. The company also paid a quarterly dividend of $0.87 per share.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $661.93, although the stock’s valuation is considered elevated. Mastercard is also pursuing AI-driven “agentic payments,” while potential UK litigation over card fees presents a risk.

Troy Asset Management Ltd raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,720 shares of the credit services provider's stock after purchasing an additional 10,273 shares during the period. Mastercard accounts for about 2.0% of Troy Asset Management Ltd's portfolio, making the stock its 12th biggest position. Troy Asset Management Ltd's holdings in Mastercard were worth $71,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Robinswood Financial LLC purchased a new position in Mastercard during the first quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $29,000. Finally, First Pacific Financial raised its holdings in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock worth $31,000 after buying an additional 33 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA opened at $580.26 on Monday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $538.80 and a 200-day moving average price of $517.80. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The stock has a market capitalization of $508.31 billion, a PE ratio of 31.92, a PEG ratio of 1.74 and a beta of 0.71.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard's payout ratio is presently 19.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MA shares. Raymond James Financial restated an "outperform" rating and set a $632.00 price objective on shares of Mastercard in a report on Friday, July 31st. TD Cowen lifted their target price on Mastercard from $664.00 to $667.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Mastercard from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. KeyCorp raised their price target on shares of Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Loop Capital reiterated a "buy" rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $661.93.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is positioning its network for “agentic payments,” in which artificial-intelligence agents make purchases for consumers. Its participation in the Agentic Payments Alliance and CEO Michael Miebach’s comments suggest the company is working to establish standards and capture transaction volume from this emerging market. How Mastercard CEO is preparing for a world where AI agents do the shopping
• Positive Sentiment: Mastercard’s latest quarterly results showed earnings per share of $5.04 and revenue of $9.28 billion, exceeding analyst estimates. Revenue increased 14.1% year over year, reinforcing the company’s growth and profitability profile.
• Neutral Sentiment: Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $661.93. However, valuation assessments are mixed: some intrinsic-value models indicate upside, while earnings-based measures suggest MA trades at a premium. Can Mastercard stay cheap as AI payments expand?
• Neutral Sentiment: Mastercard appointed Yasemin Bedir as president of its Eastern Europe, Middle East and Africa region. The change could support regional expansion, but no immediate financial impact was announced. Mastercard appoints Yasemin Bedir as EEMEA president
• Negative Sentiment: A reported UK legal ruling could make millions of people eligible for approximately £70 in compensation related to Mastercard card-fee claims. The potential financial liability and scope of the case remain unclear, but the development adds litigation risk. Mastercard ruling as millions could get compensation
• Negative Sentiment: Chief Business Officer Sachin J. Mehra sold 8,444 shares for roughly $4.87 million across August 19–20. The trades were conducted under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary bearish signal, although they may weigh modestly on sentiment. Mastercard insider trading filing

Insider Transactions at Mastercard

In related news, insider J. Mehra Sachin sold 7,444 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at $23,613,851.08. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $567.68, for a total value of $9,439,383.04. Following the sale, the chief executive officer directly owned 115,921 shares in the company, valued at approximately $65,806,033.28. The trade was a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,357 shares of company stock worth $40,637,262. Company insiders own 0.09% of the company's stock.

Mastercard Company Profile

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.

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