Sarasin & Partners LLP Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Sarasin & Partners LLP lessened its position in shares of The Mosaic Company (NYSE:MOS) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the basic materials company’s stock after selling 60,000 shares during the quarter. Sarasin & Partners LLP’s holdings in Mosaic were worth $1,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MOS. Denali Advisors LLC grew its stake in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the last quarter. Mather Group LLC. purchased a new stake in Mosaic during the 1st quarter worth approximately $40,000. Janiczek Wealth Management LLC increased its stake in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 318 shares in the last quarter. Quarry LP raised its holdings in shares of Mosaic by 342.8% in the fourth quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after buying an additional 1,258 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new stake in Mosaic during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent research reports. Mizuho reduced their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Wolfe Research started coverage on shares of Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 target price for the company. Scotiabank lowered their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a report on Monday, May 6th. Royal Bank of Canada cut their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler lowered their target price on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.29.

Mosaic Trading Down 0.3 %

Mosaic stock traded down $0.08 during trading on Wednesday, reaching $29.28. 768,917 shares of the company were exchanged, compared to its average volume of 4,772,262. The stock’s 50 day simple moving average is $29.65 and its two-hundred day simple moving average is $31.61. The company has a market capitalization of $9.42 billion, a P/E ratio of 12.40, a PEG ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The Mosaic Company has a 52-week low of $26.67 and a 52-week high of $42.81.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share. On average, equities research analysts expect that The Mosaic Company will post 2.67 earnings per share for the current fiscal year.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.