S&CO Inc. Purchases New Shares in The Mosaic Company $MOS

S&CO Inc. purchased a new position in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,040,723 shares of the basic materials company’s stock, valued at approximately $22,052,000. Mosaic makes up about 1.3% of S&CO Inc.’s portfolio, making the stock its 20th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the first 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 stake in shares of Mosaic during the second quarter worth about $31,000. SJS Investment Consulting Inc. increased its stake in shares of 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 position in shares of Mosaic during the 4th quarter worth about $32,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Mosaic during the 2nd quarter worth about $34,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Down 0.8%

MOS opened at $21.61 on Friday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of -10.70, a price-to-earnings-growth ratio of 3.78 and a beta of 0.82. The company’s 50 day simple moving average is $22.09 and its two-hundred day simple moving average is $24.46. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that The Mosaic Company will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank reissued an “outperform” rating and set a $30.00 target price on shares of Mosaic in a report on Tuesday, May 19th. BNP Paribas Exane decreased their target price on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Wall Street Zen lowered Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Morgan Stanley dropped their price target on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. Finally, Freedom Capital downgraded Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.17.

Mosaic Profile

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.