5 Best Materials Stocks to Buy After Fed’s Latest Rate Hike

2. 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. The company operates in North America and internationally.

On August 3, The Mosaic Company (NYSE:MOS) was upgraded from Neutral to Buy by analyst P.J. Juvekar at Citigroup. The analyst also raised his price target on the stock from $57 to $61.

This August, The Mosaic Company (NYSE:MOS) announced that its July revenue grew exponentially compared to the July revenue a year ago. This July, the company brought in $391 million through its potash unit, compared to last year’s $191 million figure. The Mosaic Company (NYSE:MOS) has a one-year dividend growth rate of 33.33%, with a dividend yield of 1.25%.

The Mosaic Company (NYSE:MOS) had 50 hedge funds long its stock in the stock quarter, with a total stake value of $895 million. In comparison, 66 hedge funds were long the stock in the previous quarter, with a total stake value of $1.5 billion.