Edgestream Partners L.P. Purchases Shares of 45,950 The Mosaic Company $MOS

Edgestream Partners L.P. purchased a new position in The Mosaic Company (NYSE:MOS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,950 shares of the basic materials company’s stock, valued at approximately $1,172,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of Mosaic by 27.8% during the 1st 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 bought a new position in Mosaic in the 1st quarter worth $201,000. Empowered Funds LLC increased its stake in Mosaic by 170.5% in 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 in the last quarter. Woodline Partners LP increased its stake in Mosaic by 40.7% in 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 in the last quarter. Finally, Geneos Wealth Management Inc. raised 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 acquiring an additional 601 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group lowered their price target on Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Mizuho dropped their price target on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Morgan Stanley cut their price objective on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.11.

Mosaic Price Performance

Mosaic stock opened at $21.83 on Tuesday. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. 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 firm’s fifty day moving average is $22.17 and its 200 day moving average is $24.73. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 167.97, a PEG ratio of 2.98 and a beta of 0.82.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts forecast that The Mosaic Company will post 0.73 EPS for the current fiscal 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.