The Mosaic Company $MOS Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 57.1% during the first quarter, Holdings Channel reports. The firm owned 213,188 shares of the basic materials company’s stock after purchasing an additional 77,443 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mosaic were worth $5,436,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association acquired a new position in shares of Mosaic in the first quarter valued at approximately $201,000. Empowered Funds LLC increased its stake in Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after buying an additional 34,151 shares during the period. Woodline Partners LP increased its stake in Mosaic by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after buying an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Rothschild & Co Redburn initiated coverage on Mosaic in a research report on Friday, June 26th. They set a “buy” rating and a $30.00 price objective on the stock. UBS Group reduced their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Zacks Research lowered Mosaic from a “hold” rating to a “strong sell” rating in a report on Friday, June 19th. Finally, Morgan Stanley lowered their target price on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.11.

Mosaic Trading Up 2.9%

NYSE MOS opened at $22.96 on Wednesday. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $37.53. The firm has a 50 day moving average of $22.12 and a two-hundred day moving average of $24.98. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $7.29 billion, a PE ratio of 176.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. Mosaic’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, research analysts expect that The Mosaic Company will post 0.83 EPS for the current fiscal year.

Mosaic Company 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.