5 Stocks to Buy in 2021 According to Guy Spier’s Aquamarine Capital

4. Mastercard Incorporated (NYSE:MA)

Spier’s Stake Value: $24,005,000
Percentage of Guy Spier’s 13F Portfolio: 11.26%
Number of Hedge Fund Holders: 156

In September, Mastercard Incorporated (NYSE:MA) announced a quarterly dividend of $0.44 per share, in line with the previous. In August, JPMorgan analyst Tien-Tsin Huang raised his price target on Mastercard Incorporated (NYSE:MA) to $430 from $427 and reiterated an “Overweight” rating on the shares.

Aquamarine Capital holds 65,750 shares in Mastercard Incorporated (NYSE:MA) worth $24.01 million, representing 11.26% of its portfolio. At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 151 the preceding quarter worth $1.71 billion.

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

“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.”