5 Best Large Cap Dividend Stocks to Buy According to Hedge Funds

3. Mastercard Incorporated (NYSE: MA)

Number of Hedge Fund Holders: 151
Dividend Yield: 0.5%

Mastercard Incorporated (NYSE: MA) is a tech company working to provide transaction processing and related products and services across the globe. The company aids the processing of monetary transactions and ranks 3rd on our list of the best large cap dividend stocks to buy according to hedge funds.

This July, Mastercard Incorporated (NYSE: MA) was added to the Tactical Outperform List at Evercore ISI by analyst David Togut, alongside its addition to Togut’s 2021 Top Payments Picks List. Evercore ISI has an Outperform rating on Mastercard Incorporated (NYSE: MA) shares alongside a $439 price target as well.

In the first quarter of 2021, Mastercard Incorporated (NYSE: MA) had an EPS of $1.74, beating estimates by $0.18. The company’s revenue was $4.16 billion, up 3.64% year over year and beating estimates by $163.07 million. Mastercard Incorporated (NYSE: MA) has also gained 11.95% in the past 6 months and 6.52% year to date.

By the end of the first quarter of 2021, 151 hedge funds out of the 866 tracked by Insider Monkey held stakes in Mastercard Incorporated (NYSE: MA) worth roughly $17.09 billion. This is compared to 154 hedge funds in the previous quarter with stakes worth approximately $17.9 billion.