Independent Financial Group LLC Makes New Investment in The Mosaic Company $MOS

Independent Financial Group LLC purchased a new stake in shares of The Mosaic Company (NYSE:MOS) in the first quarter, HoldingsChannel reports. The firm purchased 54,105 shares of the basic materials company’s stock, valued at approximately $1,380,000.

Several other large investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in 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 purchased a new position in shares of Mosaic during the first quarter worth $201,000. Empowered Funds LLC boosted its position in shares of Mosaic by 170.5% during the first 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 grew its stake in shares of Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after buying an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Mosaic by 169.3% in the first 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. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

MOS stock opened at $22.15 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The firm has a market capitalization of $7.03 billion, a P/E ratio of 170.40, a P/E/G ratio of 2.63 and a beta of 0.82. The business’s 50-day moving average is $22.10 and its two-hundred day moving average is $24.94. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $37.53.

Mosaic (NYSE:MOS) last announced 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts anticipate that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MOS shares. Wells Fargo & Company decreased their target price on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley cut their price target on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 30th. BNP Paribas Exane reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. HSBC dropped their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. Finally, BMO Capital Markets cut their target price on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.11.

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.