Pallas Capital Advisors LLC Acquires New Position in The Mosaic Company $MOS

Pallas Capital Advisors LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 37,040 shares of the basic materials company’s stock, valued at approximately $785,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after purchasing an additional 7,294,205 shares in the last quarter. Norges Bank purchased a new stake in shares of Mosaic during the 4th quarter valued at approximately $103,129,000. Deutsche Bank AG purchased a new stake in shares of Mosaic during the 2nd quarter valued at approximately $73,112,000. Bank of New York Mellon Corp bought a new position in Mosaic in the 2nd quarter worth approximately $57,285,000. Finally, Invesco Ltd. boosted its holdings in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after buying an additional 2,653,969 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $21.15 on Wednesday. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. 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 firm has a market capitalization of $6.72 billion, a PE ratio of -10.47, a price-to-earnings-growth ratio of 3.78 and a beta of 0.82. The firm’s 50 day simple moving average is $22.08 and its 200 day simple moving average is $24.33.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, analysts expect that The Mosaic Company will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOS has been the topic of a number of analyst reports. Freedom Capital cut shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, August 13th. The Goldman Sachs Group reduced their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus target price of $27.17.

About Mosaic

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.