5 Favorite Dividend Stocks of Hedge Funds

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 136

Mastercard Incorporated (NYSE:MA) is a US-based multinational payment network operating company. Its payment network is widely spread across the globe and the company facilitates electronic transactions between merchants’ banks and the customers’ banks for “Mastercard” brand credit and debit cards. 

Here is what Ensemble Capital had to say about Mastercard in their Q1, 2022 investor letter.

“Mastercard (7.6% weight in the Fund): This company literally earns a percent based fee on dollars spent. When inflation increases the prices of goods across the economy, Mastercard’s revenue increases along with inflation. Thus, the company in some respects is perfectly hedged against inflation with their revenue accelerating automatically when inflation surges.”