5 Best Farmland Stocks to Buy Now

3. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 50

The Mosaic Company (NYSE:MOS) is a Florida-based miner and processor of phosphate and potash minerals into fertilizers.

The U.S.’s biggest manufacturer of potash and phosphate fertilizer was upgraded from ‘Neutral’ to ‘Buy’ on August 3 by P.J. Juvekar at Citi. The analyst also increased the target price on the stock from $57 to $61. Juvekar anticipates agriculture stocks to outperform the broader market given the uncertain macroeconomic outlook. The analyst believes that the agriculture industry and the broader economy are in different phases of the economic cycle, with fertilizer stocks expected to come into the limelight again after the seasonal slowdown experienced during the summer months. As the Latin American crop planting season comes into focus, fertilizer stocks like The Mosaic Company (NYSE:MOS) will again receive a boost.

On August 18, The Mosaic Company (NYSE:MOS) declared a quarterly dividend of $0.15 per share, which translates into an annual forward yield of 1.11% for the stock.

The Mosaic Company (NYSE:MOS) was mentioned in the Q1 2022 investor letter of Carillon Tower Advisers. Here’s what the firm said:

“Despite a rally near the end of the quarter, major equity indexes closed lower as fear of U.S. Federal Reserve (FED) balance sheet tapering, interest rate hikes, and war in the Ukraine sent the bulls into retreat. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Potash and phosphate fertilizer producer Mosaic (NYSE:MOS) performed strongly as war exacerbated already short supplies of key oil and gas exploration.”