Warren Buffett and Hedge Funds Love These 5 Stocks

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Funds: 140

Berkshire Hathaway owns a $1.6 billion stake in Mastercard Incorporated (NYSE:MA). Overall, 140 hedge funds tracked by Insider Monkey reported owning stakes in Mastercard Incorporated (NYSE:MA) as of the end of the third quarter of 2023.

Mastercard Incorporated (NYSE:MA) recently increased its dividend by a whopping 15.8%. Mastercard Incorporated’s (NYSE:MA) board also approved a new $11 billion 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.”