Is The Mosaic Company (MOS) a Recession Proof Stock?

Ariel Investments, an investment management company, released its “Ariel Focus Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined -7.45%, compared to -5.62% return for the Russell 1000 Value Index and -4.88% loss for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like The Mosaic Company (NYSE:MOS) in its Q3 2022 investor letter. Headquartered in Tampa, Florida, The Mosaic Company (NYSE:MOS) is a fertilizer company. On December 2, 2022, The Mosaic Company (NYSE:MOS) stock closed at $49.31 per share. One-month return of The Mosaic Company (NYSE:MOS) was -1.85%, and its shares gained 40.98% of their value over the last 52 weeks. The Mosaic Company (NYSE:MOS) has a market capitalization of $16.789 billion.

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.”

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The Mosaic Company (NYSE:MOS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held The Mosaic Company (NYSE:MOS) at the end of the third quarter, which was 50 in the previous quarter.

We discussed The Mosaic Company (NYSE:MOS) in another article and shared the best agriculture stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.