5 Best Mid-Cap Stocks For 2021

1. The Mosaic Company (NYSE: MOS)

Number of Hedge Fund Holders: 43

The Mosaic Company (NYSE: MOS) is an American agricultural company, mining phosphate, and potash to produce and sell fertilizers. It is ranked first on our list of 15 best mid-cap stocks for 2021. The stock has returned over 72.49% to investors over the course of the past year.

On August 3, The Mosaic Company (NYSE: MOS) posted earnings for the second quarter of 2021, reporting earnings per share of $1.17, beating estimates by $0.16. The revenue over the period was around $2.80 billion, up 36.97% year-over-year.

At the end of the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $809 million in The Mosaic Company (NYSE: MOS), up from 38 the preceding quarter worth $945 million.

Out of the hedge funds tracked by Insider Monkey, Platinum Asset Management has the most valuable stake in The Mosaic Company (NYSE: MOS) as of the end of the second quarter of 2021, worth close to $110 million, comprising 2.55% of its 13F portfolio.

On August 4, RBC Capital boosted its price target on The Mosaic Company (NYSE: MOS) to $50 from $45 while reiterating an Outperform rating. RBC Capital noted that the strong fertilizer market that The Mosaic Company (NYSE: MOS) has benefitted from could persist for the next couple of years.

In its Q1 2021 Investor Letter, Appleseed Fund, an investment management firm mentioned The Mosaic Company (NYSE: MOS). Here is what the firm had to say:

“Our most significant contributors to the Fund’s equity performance during the quarter (includes) Mosaic Company (MOS). As for Mosaic, its share price has risen in sympathy with increasing grain prices, which should stimulate additional farmer investment into improving crop yields.”

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