Invenomic Capital Management LP purchased a new stake in shares of The Mosaic Company (NYSE:MOS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 678,234 shares of the basic materials company’s stock, valued at approximately $16,339,000. Invenomic Capital Management LP owned 0.21% of Mosaic at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MOS. NewEdge Advisors LLC increased its position in shares of Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the period. United Services Automobile Association purchased a new position in shares of Mosaic during the first quarter valued at about $201,000. Empowered Funds LLC increased its position in shares of Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP grew its holdings in Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Wall Street Analyst Weigh In
MOS has been the topic of a number of recent research reports. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Wolfe Research cut their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Berenberg Bank cut their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Wells Fargo & Company cut their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Finally, Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $30.00 in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.41.
Mosaic Trading Up 3.4%
NYSE:MOS opened at $22.43 on Thursday. The company’s 50 day moving average price is $23.12 and its 200-day moving average price is $25.33. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $38.23. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 172.57, a PEG ratio of 2.57 and a beta of 0.79.
Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research 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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