Warren Buffett and Billionaires Are Crazy About These 5 Stocks

3. Mastercard Inc (NYSE:MA)

Number of Billionaire Investors: 23

Mastercard Inc (NYSE:MA) ranks 3rd in our list of the Warren Buffett stocks billionaires are crazy about. Warren Buffett owns a $1.6 billion stake in Mastercard Inc (NYSE:MA).

A total of 23 billionaire-led hedge funds had stakes in Mastercard Inc (NYSE:MA) as of the end of the third quarter of 2023.

Earlier this month Mastercard Inc (NYSE:MA) upped its dividend by a whopping 15.8%.

Mastercard Inc’s (NYSE:MA) board has also approved a new $11 billion share repurchase program.

As of December 1, 2023, Mastercard Inc (NYSE:MA) had about $3.5 billion remaining under the current approved share repurchase program.

Here is what Baron FinTech Fund has to say about Mastercard Incorporated (NYSE:MA) in its Q3 2023 investor letter:

“Performance in Payments was bolstered by gains from Mastercard Incorporated. Shares of global payment network Mastercard were up modestly after reporting a continuation of double-digit earnings growth and resilient payment volumes.”