5 Best Long-Term Stocks To Buy According To Warren Buffett

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139

Mastercard Incorporated (NYSE:MA) is the second-largest payment-processing corporation worldwide. Headquartered in Purchase, New York, it offers a range of financial services, including credit and debit cards, as well as data analytics, settlements, payment deferrals, and other services. The company pays a quarterly dividend of $0.57 per share, and as of October 26, it had a dividend yield of 0.63%. With a track record of increasing dividends for 10 consecutive years, it is considered one of the best long-term stocks on our list.

Berkshire Hathaway began its investment in Mastercard Incorporated (NYSE:MA) in 2011. In the most recent quarter, the hedge fund held stakes in the company valued at over $1.5 billion. There were no changes to its position in the company during the quarter, and Mastercard represented 0.45% of the firm’s 13F portfolio.

JPMorgan’s Tien-Tsin Huang maintains an Overweight rating and a $496 price target on Mastercard Incorporated (NYSE:MA) shares as of October 9.

Mastercard Incorporated (NYSE:MA) was included in 139 hedge fund portfolios at the end of Q2 2023, as per Insider Monkey’s database. Among these hedge funds, Akre Capital Management was the company’s largest stakeholder in Q2.