Monaco Asset Management SAM Takes Position in The Mosaic Company $MOS

Monaco Asset Management SAM bought a new position in shares of The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the basic materials company’s stock, valued at approximately $2,119,000. Mosaic makes up approximately 0.2% of Monaco Asset Management SAM’s investment portfolio, making the stock its 21st largest position.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Mosaic during the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. raised its holdings 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 valued at $32,000 after acquiring an additional 525 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in shares of Mosaic during the fourth quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Mosaic during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. HSBC lowered their price target on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Wall Street Zen downgraded Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. UBS Group decreased their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Finally, BMO Capital Markets dropped their target price on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.17.

Mosaic Trading Up 0.0%

Shares of Mosaic stock opened at $21.61 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The stock’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $24.43. The stock has a market cap of $6.87 billion, a P/E ratio of -10.70, a P/E/G ratio of 3.78 and a beta of 0.82. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts predict that The Mosaic Company will post 0.56 EPS 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.