Sicart Associates LLC grew its position in The Mosaic Company (NYSE:MOS – Free Report) by 96.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,418 shares of the basic materials company’s stock after acquiring an additional 89,978 shares during the period. Sicart Associates LLC’s holdings in Mosaic were worth $4,677,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Vanguard Group Inc. raised its holdings in Mosaic by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after purchasing an additional 830,985 shares in the last quarter. State Street Corp boosted its holdings in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after purchasing an additional 240,146 shares in the last quarter. 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 valued at $285,235,000 after purchasing an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Mizuho cut their target price on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. BMO Capital Markets decreased their price target on Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. UBS Group dropped their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group cut their price objective on Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.39.
Mosaic Stock Performance
Shares of MOS stock opened at $22.38 on Friday. The stock has a fifty day moving average price of $22.69 and a 200 day moving average price of $25.21. The stock has a market cap of $7.11 billion, a PE ratio of 172.17, a P/E/G ratio of 2.57 and a beta of 0.79. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25.
Mosaic (NYSE:MOS – Get Free Report) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Sell-side analysts forecast that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.
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.
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