Wedge Capital Management L L P NC Raises Stock Holdings in The Mosaic Company $MOS

Wedge Capital Management L L P NC boosted its position in The Mosaic Company (NYSE:MOS) by 24.7% in the second quarter, Holdings Channel.com reports. The firm owned 494,520 shares of the basic materials company’s stock after buying an additional 98,060 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Mosaic were worth $10,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares during the period. Dimensional Fund Advisors LP lifted its position in Mosaic by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after acquiring an additional 832,914 shares during the period. State Street Corp boosted its stake in Mosaic by 1.9% during the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. grew its holdings in Mosaic by 28.9% in the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after purchasing an additional 2,653,969 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Mosaic by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of analyst reports. Barclays reduced their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. BNP Paribas Exane lowered their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Mizuho set a $25.00 price objective on shares of Mosaic in a research report on Wednesday, August 5th. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average price target of $27.17.

Mosaic Trading Down 1.9%

Shares of NYSE:MOS opened at $22.66 on Thursday. The company has a market cap of $7.19 billion, a P/E ratio of -11.22, a PEG ratio of 3.56 and a beta of 0.82. 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 Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The stock’s fifty day moving average price is $22.12 and its 200-day moving average price is $24.53.

Mosaic (NYSE:MOS) last released its quarterly earnings data 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 company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm posted $0.51 earnings per share. Mosaic’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts expect that The Mosaic Company will post 0.63 earnings per share for the current year.

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.