5 Stocks to Buy According to Bluegrass Capital Partners

2. Mastercard Incorporated (NYSE:MA)

Bluegrass Capital Partners’ Stake Value: $14,604,000
Percentage of Bluegrass Capital Partners’ 13F Portfolio: 8.3%
Number of Hedge Fund Holders: 156

Based on Bluegrass Capital Partners’ SEC 13F filings at the end of the second quarter, it currently owns 40,000 shares of Mastercard Incorporated (NYSE:MA) worth $14.60 million, accounting for 8.3% of the hedge fund’s total portfolio. Moreover, hedge funds are loading up on Mastercard Incorporated (NYSE:MA), as Insider Monkey’s data shows that 156 hedge funds held a stake in the company in the second quarter of 2021, compared to 151 funds in the preceding quarter.

Qualivian Investment Partners, its second-quarter 2021 investor letter, mentioned Mastercard Incorporated (NYSE:MA). Here is what Qualivian Investment Partners has to say about Mastercard Incorporated:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”