Mastercard Incorporated (MA) Outperformed in Q4

Investment management company Vulcan Value Partners recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all trailed their benchmark indexes in 2022. In the fourth quarter, the fund’s Large-Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 11.2% net, Focus Composite returned 7.6% net, the Focus Plus composite returned 7.7%, and All Cap Composite returned 7.2% net. You can check the top 5 holdings of the fund to know its best picks in 2022.

Vulcan Value Partners highlighted stocks like Mastercard Incorporated (NYSE:MA) in the fourth quarter investor letter. Headquartered in Purchase, New York, Mastercard Incorporated (NYSE:MA) is a payment technology company. On February 9, 2023, Mastercard Incorporated (NYSE:MA) stock closed at $370.42 per share. One-month return of Mastercard Incorporated (NYSE:MA) was -2.47% and its shares lost -1.06% of their value over the last 52 weeks. Mastercard Incorporated (NYSE:MA) has a market capitalization of $354.122 billion.

Vulcan Value Partners made the following comment about Mastercard Incorporated (NYSE:MA) in its Q4 2022 investor letter:

“Mastercard Incorporated (NYSE:MA) and Visa both delivered strong top and bottom-line results during the quarter. MasterCard grew its revenues and operating profits approximately 23% and 27% respectively. Visa grew its revenues and operating profits approximately 19% and 19% respectively. Both companies also produced strong free cash flow.”

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Mastercard Incorporated (NYSE:MA) is in 7th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 146 hedge fund portfolios held Mastercard Incorporated (NYSE:MA) at the end of the third quarter, which was 137 in the previous quarter.

We discussed Mastercard Incorporated (NYSE:MA) in another article and shared the list of best January dividend stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.