Edmond DE Rothschild Holding S.A. acquired a new position in The Mosaic Company (NYSE:MOS – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 700,000 shares of the basic materials company’s stock, valued at approximately $14,833,000.
Several other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Mosaic during the second quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its position in Mosaic by 72.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 525 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in Mosaic in the fourth quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in Mosaic in the second quarter valued at approximately $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. UBS Group dropped their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. BMO Capital Markets cut their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Scotiabank restated an “outperform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Tuesday, May 19th. Finally, Barclays decreased their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.17.
Mosaic Stock Performance
Shares of NYSE:MOS opened at $22.23 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 business’s 50 day moving average price is $22.13 and its 200-day moving average price is $24.29. The firm has a market capitalization of $7.07 billion, a PE ratio of -11.00, a P/E/G ratio of 3.82 and a beta of 0.82. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99.
Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 3.77% and a negative net margin of 5.21%.The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. As a group, equities research analysts expect that The Mosaic Company will post 0.54 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.
See Also
- Five stocks we like better than Mosaic
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS – Free Report).
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.
