5 Best Agriculture Stocks to Invest In

3. The Mosaic Company (NYSE: MOS)

Number of Hedge Fund Holders: 38

The Mosaic Company (NYSE: MOS) is a producer and marketer of concentrated phosphate and potash crop nutrients in North America and internationally, and the company ranks 3rd on our list of the best agriculture stocks to invest in.

This July, RBC Capital raised its price target on The Mosaic Company (NYSE: MOS) from $43 to $45, keeping an Outperform rating on the stock. Analyst Andrew Wong commented that The Mosaic Company (NYSE: MOS) will gain from the Esterhazy K3 project and the restart of Colonsay in the potash market.

In the first quarter of 2021, The Mosaic Company (NYSE: MOS) had an EPS of $0.57, beating estimates by $0.04. The company’s revenue was $2.30 billion, up 27.75% year over year and beating estimates by $50.62 million. The Mosaic Company (NYSE: MOS) has gained 12.28% in the past 6 months and 33.29% year to date.

As of the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Mosaic Company (NYSE: MOS) worth roughly $944 million. This is compared to 39 hedge funds in the previous quarter with a stake value of about $841 million.

Appleseed Fund, an investment management firm, mentioned The Mosaic Company (NYSE: MOS) in its first-quarter 2021 investor letter. Here’s what they said:

“Our most significant contributors to the Fund’s equity performance during the quarter (includes) Mosaic Company (MOS). As for Mosaic, its share price has risen in sympathy with increasing grain prices, which should stimulate additional farmer investment into improving crop yields.”