5 Best American Stocks To Buy Now

4. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) operates as a multinational financial services company that engages in the  provision of transaction processing and other payment-related products and services.

On October 28, Mastercard Incorporated (NYSE:MA) released its quarterly earnings report for the third quarter of 2021, with reported earnings per share at $2.37, beating estimates by $0.18. The company also reported revenues of $4.99 billion, an increase of 29.92% on a year-over-year basis, beating forecast estimates by $35.79 million.

Warren Buffett’s Berkshire Hathaway is one of the biggest stakeholders of Mastercard Incorporated (NYSE:MA) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 156 funds were bullish on Mastercard Incorporated (NYSE:MA) by the end of the June quarter, compared to 154 in the preceding quarter.

On October 28, Raymond James analyst John Davis announced being bullish on MasterCard Incorporated (NYSE:MA), and kept a $430 price target alongside an Outperform rating on the shares.

Qualivian Investment Partners, in its Q2 2021 investor letter, mentioned Mastercard Incorporated (NYSE:MA). Here is what the firm has to say about the company:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”