5 Best Materials Stocks To Invest In

3. The Mosaic Company (NYSE:MOS)

Forward P/E ratio as of December 16: 4.75

Number of Hedge Fund Holders: 46

The Mosaic Company (NYSE:MOS) is a crop nutrition company that manufactures and distributes phosphate, potassium, and urea via various international distribution networks. The company is the largest producer of phosphate and potash fertilizer in the United States. The Mosaic Company (NYSE:MOS)’s business is divided into three divisions: phosphates, potash, and mosaic fertilizers.

On November 9, 2022, Christopher Parkinson, an analyst at Mizuho, reduced his price target on The Mosaic Company (NYSE:MOS) to $69 while keeping a Buy rating on the stock. According to the analyst, the Q3 report did not do much to change the views of bulls or bears on the stock.

As per Insider Monkey’s database, 46 hedge funds remained bullish on The Mosaic Company (NYSE:MOS) at the end of the third quarter. Soroban Capital Partners had the biggest stake in the company at the end of the third quarter.

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[1]positioned from a risk/reward standpoint.