5 Best Quality Stocks to Buy Now

In this piece, we’ll take a look at the top five quality stocks to buy now. For  analysis on the quality factor strategy, the risk/reward, and methodology of this list, head on to 10 Best Quality Stocks to Buy Now.

5. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 137

% of iShares MSCI USA Quality Factor ETF Holdings: 2.43%

In 2021, Mastercard Incorporated (NYSE:MA) handled close to $6 trillion in purchasing transactions, making it the second-largest payment processor in the world. Mastercard is accepted in more than 200 countries and handles transactions in more than 150 different currencies.

Despite the stock’s 5.8% year to date decline, Deutsche Bank analyst Bryan Keane has a Buy rating on Mastercard Incorporated (NYSE:MA) with a $440 price target. The company recently discussed the current trend in blockchain and crypto currencies and stated that despite the recent downturn in cryptocurrency values, the underlying blockchain technology is here to stay. Mastercard Incorporated (NYSE:MA) is looking to determine whether it can offer a simple consumer experience and ensure safety, while always remaining in regulatory compliance.

This stock was held by 137 hedge fund holders in our database at the end Q2 2022 and is therefore included in our list of 10 Best Quality Stocks to Buy Now. The stakes held by hedge funds in the stock collectively value over $14.9 billion. Akre Capital Management was the stock’s leading stakeholder in Q2, owning Mastercard Incorporated (NYSE:MA) shares worth over $1.8 billion.