5 Best Performing S&P 500 Stocks in the Last 10 Years

4. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 146

10-Year Share Price Gains as of January 18: 2,240%

Mastercard Incorporated (NYSE:MA), an American financial technology company, is one of the best performing S&P 500 stocks in the last ten years. Mastercard Incorporated (NYSE:MA) shares have exhibited share price gains of 2,240% as of January 18. The company declared on December 6 a $0.57 per share quarterly dividend, a 16.3% increase from its prior dividend of $0.49. The dividend is payable on February 9, to shareholders of record on January 9. 

On January 18, Jefferies analyst Trevor Williams raised the price target on Mastercard Incorporated (NYSE:MA) shares to $430 and maintained a Buy rating on the stock. He has a relative preference for Mastercard Incorporated (NYSE:MA) in 2023 due to its limited exposure to the US, more leverage to APAC, and a path for higher forward estimates.

According to Insider Monkey’s third quarter database, 146 hedge funds were long Mastercard Incorporated (NYSE:MA), compared to 137 funds in the last quarter. Charles Akre’s Akre Capital Management held the biggest stake in the company, comprising 5.8 million shares worth $1.6 billion. 

Ensemble Capital made the following comment about Mastercard Incorporated (NYSE:MA) in its 2022 annual investor letter:

“Mastercard Incorporated (NYSE:MA) (8.43%* weight in fund): Mastercard declined just 1.61% during the Fund’s fiscal year, adding 1.30% to relative performance. After worries last year about Buy Now, Pay Later lenders being disruptive to Mastercard’s payment network provided to be misguided, Mastercard avoided much of the decline in the broader stock market this year. In addition, with inflation worries being the main driver of the market selloff, the company’s inflation resistant business model calmed worried investors.”