Dauntless Investment Group LLC Takes Position in The Mosaic Company (NYSE:MOS)

Key Points

• Dauntless Investment Group LLC has invested approximately $754,000 in The Mosaic Company, acquiring 27,917 shares, which represents 0.9% of its investment portfolio.
• Several other institutional investors have also increased their stakes in Mosaic, with Invesco Ltd. raising its ownership by 29.3% in Q4 2023.
• Mosaic's recent earnings report showed an EPS of $0.49, exceeding consensus estimates, despite revenue falling 2.2% year-over-year, totaling $2.62 billion.

Dauntless Investment Group LLC bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,917 shares of the basic materials company's stock, valued at approximately $754,000. Mosaic comprises 0.9% of Dauntless Investment Group LLC's portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOS. Twin Capital Management Inc. raised its stake in Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after purchasing an additional 384 shares in the last quarter. Probity Advisors Inc. raised its stake in Mosaic by 6.2% during the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after purchasing an additional 508 shares in the last quarter. Allworth Financial LP raised its stake in Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 537 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in Mosaic by 7.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares in the last quarter. Finally, Sicart Associates LLC raised its stake in Mosaic by 0.6% during the first quarter. Sicart Associates LLC now owns 110,762 shares of the basic materials company's stock valued at $2,992,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

Mosaic Stock Performance

MOS stock traded down $0.71 during trading on Friday, reaching $35.30. The company had a trading volume of 2,196,353 shares, compared to its average volume of 5,512,050. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.12. The firm has a 50-day simple moving average of $36.13 and a 200-day simple moving average of $30.60.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $0.65 EPS. Mosaic's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

MOS has been the topic of several recent analyst reports. UBS Group raised shares of Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 price target on the stock in a research note on Wednesday, July 23rd. Barclays raised their price target on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Wells Fargo & Company increased their target price on shares of Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.