5 Best Seasonal Stocks to Buy Now

In this article, we discuss 5 best seasonal stocks to buy now. If you want to read about some more seasonal stocks to buy now, go directly to 11 Best Seasonal Stocks to Buy Now.

5. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 50   

The Mosaic Company (NYSE:MOS) produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. It is one of the top seasonal stocks to invest in. The firm is slowly building a dividend profile. Over the past ten years, it has consistently paid a dividend to shareholders. These payments have also registered growth in the past three years. On August 18, the firm declared a quarterly dividend of $0.15 per share, in line with previous. The forward yield was 1.11%. 

On August 3, Citi analyst PJ Juvekar upgraded The Mosaic Company (NYSE:MOS) stock to Buy from Neutral with a price target of $61, up from $57, highlighting that agriculture stocks outperform in a slowing economic environment. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Soroban Capital Partners is a leading shareholder in The Mosaic Company (NYSE:MOS), with 6.7 million shares worth more than $317.7 million. 

In its Q1 2022 investor letter, Carillon Towers Advisers, an asset management firm, highlighted a few stocks and The Mosaic Company (NYSE:MOS) was one of them. Here is what the fund 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 The Mosaic Company (NYSE:MOS) performed strongly as war exacerbated already short supplies of key oil and gas exploration.”