5 Best Farmland and Agriculture Stocks To Buy Heading Into 2023

4. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 46

The Mosaic Company (NYSE:MOS) is a Florida-based company that produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments – Phosphates, Potash, and Mosaic Fertilizantes. It is one of the best agriculture stocks to monitor. On December 16, The Mosaic Company (NYSE:MOS) declared a $0.20 per share quarterly dividend, a 33.3% increase from its prior dividend of $0.15. The dividend is payable on March 16, 2023 to shareholders of record on March 2. 

On November 22, Piper Sandler analyst Charles Neivert maintained an Overweight rating on The Mosaic Company (NYSE:MOS) but lowered the price target on the shares to $65 from $75 following the Q3 results. 

According to Insider Monkey’s Q3 data, 46 hedge funds were bullish on The Mosaic Company (NYSE:MOS), compared to 50 funds in the prior quarter. Eric W. Mandelblatt’s Soroban Capital Partners is the biggest stakeholder of the company, with 6.8 million shares worth $332 million. 

Ariel Investment made the following comment about The Mosaic Company (NYSE:MOS) in its Q3 2022 investor letter:

“Producer and marketer of crop nutrients The Mosaic Company (NYSE:MOS) also traded up in the period on solid financial results. MOS continues to demonstrate its ability to raise prices and offset input cost inflation, as well as return significant capital to shareholders through buybacks. Meanwhile, trade flows have shifted with Russia and Belarus, the second and third largest fertilizer exporters globally, banning exports and facing sanctions imposed by the West. As a result, MOS is expanding production to help meet global demand. Given management’s optimistic outlook and disciplined approach towards capital allocation, we continue to believe the company is well positioned from a risk/reward standpoint.”