Confluence Investment Management LLC Boosts Stake in The Mosaic Company (NYSE:MOS)

Confluence Investment Management LLC grew its stake in The Mosaic Company (NYSE:MOS) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,141 shares of the basic materials company’s stock after acquiring an additional 1,293 shares during the quarter. Confluence Investment Management LLC’s holdings in Mosaic were worth $351,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Highlander Capital Management LLC raised its stake in Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after buying an additional 670 shares during the last quarter. Mather Group LLC. acquired a new stake in Mosaic in the 1st quarter worth approximately $40,000. Fidelis Capital Partners LLC purchased a new stake in Mosaic during the 1st quarter worth approximately $50,000. 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. Finally, 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. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MOS. Barclays cut their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Piper Sandler lowered their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Mizuho cut their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada reduced their price objective on Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Monday, July 15th. Finally, UBS Group lowered their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus target price of $37.54.

Mosaic Price Performance

Shares of NYSE:MOS traded down $0.48 during trading on Monday, reaching $26.90. The stock had a trading volume of 1,318,916 shares, compared to its average volume of 4,533,414. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The Mosaic Company has a 1-year low of $26.10 and a 1-year high of $42.81. The stock has a market cap of $8.65 billion, a PE ratio of 11.65, a PEG ratio of 1.59 and a beta of 1.41. The business has a fifty day moving average price of $28.74 and a 200-day moving average price of $30.27.

About Mosaic

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.