5 Stocks to Buy According to BlueSpruce Investments

1. Mastercard Incorporated (NYSE:MA)

BlueSpruce Investments’ Stake Value: $940,801,000
Percentage of BlueSpruce Investments’ Portfolio: 15.25%
Number of Hedge Fund Holders: 136

Will Nance of Goldman Sachs initiated coverage of Mastercard Incorporated (NYSE:MA) on May 17, assigning a Buy rating and a price objective of $460, implying a 38% uptrend. As per Insider Monkey’s Q1 2022 database, 136 hedge funds held stakes in Mastercard Incorporated (NYSE:MA), down from 144 in the previous quarter. These stakes hold a collective value of over $15.44 billion.

At the end of Q1 2022, BlueSpruce Investments held stakes worth over $940.80 million in Mastercard Incorporated (NYSE:MA), purchasing additional 332,317 shares during the quarter. As a result, the company represented an impressive 15.25% of the hedge fund’s portfolio and topped the list of 10 stocks to buy according to BlueSpruce Investments.

Polen Capital, an investment management firm, in the first quarter of 2022 investor letter, mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:

 “We added to both Visa and Mastercard during the final quarters of 2021, based on the belief that both businesses were trading at attractive prices and poised to deliver, double-digit returns over the next three to five years. Cross-border transactions–a highly profitable business segment for both companies–represent roughly 10% of Visa and Mastercard’s volumes and 25% of their gross revenues, so lockdowns have severely impacted this segment due to stifled travel. While it was impossible to know when people would begin traveling again, we accepted this reality with the belief that travel would eventually return. Both companies have commented that as soon as a country or geography reopens, cross-border volumes reignite, amplifying each business’s growth and profitability. We think these near- term headwinds have created an attractive long-term investment opportunity.”

You can also take a peek at 10 Stocks to Buy According to Kevin McCarthy’s Breakline Capital and 10 Stocks to Buy According to Matthew Hulsizer’s PEAK6 Capital Management

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