PDT Partners LLC Acquires New Holdings in The Mosaic Company $MOS

PDT Partners LLC bought a new stake in The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 116,593 shares of the basic materials company’s stock, valued at approximately $2,471,000.

Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of Mosaic during the second quarter valued at about $16,113,000. The Manufacturers Life Insurance Company purchased a new position in shares of Mosaic in the 2nd quarter worth approximately $5,011,000. Algert Global LLC grew its position in shares of Mosaic by 257.6% in the 2nd quarter. Algert Global LLC now owns 946,286 shares of the basic materials company’s stock worth $20,052,000 after buying an additional 681,700 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Mosaic during the 2nd quarter worth approximately $4,128,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Mosaic during the 2nd quarter worth approximately $245,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 0.2%

NYSE:MOS opened at $24.21 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The company has a market cap of $7.70 billion, a PE ratio of -11.99, a P/E/G ratio of 4.39 and a beta of 0.82. The company’s 50 day moving average is $22.33 and its two-hundred day moving average is $24.15.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts anticipate that The Mosaic Company will post 0.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley lowered their price objective on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. HSBC dropped their target price on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Finally, Scotiabank reiterated an “outperform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Tuesday, May 19th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $27.17.

Insider Activity

In related news, SVP Walter F. Precourt III sold 23,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

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.