Billionaire Dan Loeb is Adding These 5 Stocks in his Portfolio

In this article, we will discuss the 5 stocks billionaire Dan Loeb is adding to his portfolio. If you want to read about Dan Loeb’s investment philosophy and his hedge fund’s performance, you can go to Billionaire Dan Loeb is Adding These 9 Stocks in his Portfolio.

5. The Mosaic Company (NYSE:MOS)

Third Point’s Stake Value: $85.12 million

Percentage of Third Point’s 13F Portfolio: 1.1%

Number of Hedge Fund Holders: 66

The Mosaic Company (NYSE:MOS) is a Florida-based agriculture and fertilizer company. As of 2022, it ranks 305th on the Fortune 500 list. The company is currently the largest producer of potash and phosphate fertilizer in the United States. On top of that, The Mosaic Company (NYSE:MOS) produces around 12% of the world’s phosphate and potash supply.

In the first quarter of 2022, The Mosaic Company (NYSE:MOS) reported missing EPS and revenue estimates by 0.25% and 3.09%, respectively. Nonetheless, for FY2022, the company expects a free cash flow of $3.7 billion and $7.7 billion in EBITDA. In addition, the company is planning to expand its production by the second half of 2023. 

On July 14, Credit Suisse analyst John Roberts initiated coverage of The Mosaic Company (NYSE:MOS) with a $60 price target and an Outperform rating on its shares. According to Roberts, more than 50% of the company’s sales are in Brazil, which is the fastest growing large fertilizer market.

Here is what Carillon Tower Advisers had to say about The Mosaic Company (NYSE:MOS) in its Q1 2022 investor letter:

“Despite a rally near the end of the quarter, major equity indexes closed lower as fear of U.S. Federal Reserve (FED) balance sheet tapering, interest rate hikes, and war in the Ukraine sent the bulls into retreat. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Potash and phosphate fertilizer producer Mosaic (NYSE:MOS) performed strongly as war exacerbated already short supplies of key oil and gas exploration.”