Wahed Invest LLC Purchases 655 Shares of The Mosaic Company (NYSE:MOS)

Wahed Invest LLC lifted its position in shares of The Mosaic Company (NYSE:MOS) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,300 shares of the basic materials company’s stock after purchasing an additional 655 shares during the quarter. Wahed Invest LLC’s holdings in Mosaic were worth $204,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MOS. Denali Advisors LLC raised its holdings in shares of Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 414 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Mosaic in the 1st quarter worth approximately $40,000. Janiczek Wealth Management LLC grew its holdings in shares of Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Mosaic during the first quarter worth $50,000. Finally, Quarry LP boosted its position in 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 purchasing an additional 1,258 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 5.1 %

MOS stock traded down $1.48 on Friday, reaching $27.38. The company’s stock had a trading volume of 3,912,515 shares, compared to its average volume of 4,555,129. 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 business has a fifty day simple moving average of $28.81 and a two-hundred day simple moving average of $30.33. The firm has a market cap of $8.81 billion, a PE ratio of 11.81, a PEG ratio of 1.64 and a beta of 1.41. The Mosaic Company has a 12-month low of $26.54 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was down 25.7% on a year-over-year basis. As a group, research analysts forecast that The Mosaic Company will post 2.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOS. Barclays cut their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Mizuho lowered their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. UBS Group cut their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Piper Sandler dropped their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Finally, Scotiabank reduced their price target on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.43.

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.