MQS Management LLC Purchases Shares of 14,389 The Mosaic Company (NYSE:MOS)

MQS Management LLC purchased a new stake in The Mosaic Company (NYSE:MOS) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,389 shares of the basic materials company’s stock, valued at approximately $467,000.

A number of other hedge funds also recently made changes to their positions in MOS. Kingsview Wealth Management LLC acquired a new position in shares of Mosaic during the 1st quarter valued at $1,776,000. Wellington Management Group LLP increased its stake in Mosaic by 1,007.5% during the 4th quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock worth $8,620,000 after buying an additional 219,463 shares during the period. International Assets Investment Management LLC increased its stake in Mosaic by 3,212.6% during the 4th quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock worth $8,582,000 after buying an additional 232,949 shares during the period. Sapient Capital LLC purchased a new stake in Mosaic during the 4th quarter worth $2,300,000. Finally, Oak Thistle LLC increased its stake in Mosaic by 13.1% during the 4th quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock worth $1,434,000 after buying an additional 4,658 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock traded up $0.74 during midday trading on Thursday, reaching $29.30. 2,924,045 shares of the stock traded hands, compared to its average volume of 4,637,116. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $28.98 and a two-hundred day moving average price of $30.49. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.58 and a beta of 1.41. The Mosaic Company has a fifty-two week low of $26.54 and a fifty-two week high of $42.81.

Mosaic (NYSE:MOS) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 6.07% and a return on equity of 8.23%. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 2.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MOS shares. UBS Group dropped their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Mizuho dropped their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Scotiabank dropped their target price on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. Piper Sandler dropped their target price on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Finally, Barclays dropped their target price on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.60.

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.