PDT Partners LLC Acquires Shares of 116,593 The Mosaic Company $MOS

Key Points

• PDT Partners acquired 116,593 shares of The Mosaic Company during the second quarter, valued at approximately $2.47 million. Institutional investors collectively own 77.54% of Mosaic’s outstanding stock.
• Mosaic reported quarterly adjusted earnings of $0.13 per share, slightly exceeding estimates, but revenue fell 6% year over year to $2.82 billion and missed consensus expectations of $3.10 billion.
• Analysts maintain a consensus “Hold” rating with an average price target of $27.17, compared with the stock’s reported price of $24.21; an executive separately sold 23,000 shares for about $508,760.

PDT Partners LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 116,593 shares of the basic materials company's stock, valued at approximately $2,471,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC lifted its position in shares of Mosaic by 35.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company's stock worth $71,746,000 after purchasing an additional 785,057 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Mosaic by 22.2% in the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company's stock worth $9,345,000 after purchasing an additional 66,608 shares during the last quarter. Tejara Capital Ltd bought a new position in shares of Mosaic in the second quarter worth about $1,301,000. Vanguard Group Inc. increased its stake in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company's stock worth $942,477,000 after buying an additional 461,524 shares during the period. Finally, Bank of America Corp DE increased its stake in Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company's stock worth $63,418,000 after buying an additional 170,724 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.2%

NYSE:MOS opened at $24.21 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The company has a 50-day moving average of $22.33 and a 200 day moving average of $24.15. The firm has a market cap of $7.70 billion, a PE ratio of -11.99, a price-to-earnings-growth ratio of 4.39 and a beta of 0.82.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $0.51 EPS. The company's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts anticipate that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on MOS shares. Rothschild & Co Redburn assumed coverage on shares of Mosaic in a research report on Friday, June 26th. They issued a "buy" rating and a $30.00 price objective for the company. Morgan Stanley reduced their target price on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 30th. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a "hold" rating for the company in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce set a $25.00 price target on Mosaic in a report on Tuesday, May 12th. Finally, BMO Capital Markets dropped their price objective on Mosaic from $31.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Mosaic presently has a consensus rating of "Hold" and a consensus target price of $27.17.

Insider Activity

In other news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company's stock.

Mosaic Company Profile

Mosaic Co is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. The company's primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

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