5 Long-Term Stocks to Buy

4. Mastercard Inc (NYSE:MA)

GuardCap Asset Management’s Stake Value: $607,860,023

Percentage of GuardCap Asset Management’s 13F Portfolio: 8.44%

Number of Hedge Fund Holders: 139

Mastercard Inc (NYSE:MA) is a global technology company focused on the payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks.

On October 26, Mastercard Inc (NYSE:MA) released its financial results for Q2 2023. Its net revenue increased by 14% y-o-y to $6.5 billion, while its net earnings increased by 28% y-o-y to $3.2 billion. It reported an EPS of $3.39 which surpassed the consensus by $0.16.

Following the earnings release, BMO Capital analyst James Fotheringham lowered the price target to $472 from $488 and maintained an ‘Outperform’ rating.

Mastercard Inc (NYSE:MA) is among the stocks most widely held by hedge funds according to Insider Monkey data on 910 hedge funds. As of Q2 2023, 139 hedge funds held shares in Mastercard Inc (NYSE:MA), valued at $14.7 billion. Charles Akre’s Akre Capital Management was the largest shareholder on record with ownership of 5.9 million shares valued at $2.3 billion.