Donald Smith & CO. Inc. Buys 929,329 Shares of The Mosaic Company $MOS

Donald Smith & CO. Inc. raised its stake in shares of The Mosaic Company (NYSE:MOS) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,622,405 shares of the basic materials company’s stock after purchasing an additional 929,329 shares during the period. Mosaic accounts for about 2.1% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 20th biggest holding. Donald Smith & CO. Inc. owned approximately 1.46% of Mosaic worth $111,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. 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 worth $47,000 after acquiring an additional 380 shares during the period. United Services Automobile Association bought a new position in shares of Mosaic in the first quarter worth about $201,000. Empowered Funds LLC boosted its stake in shares of Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares during the period. Woodline Partners LP boosted 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 worth $725,000 after acquiring an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. boosted 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 worth $26,000 after acquiring an additional 601 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

NYSE:MOS opened at $19.84 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.30 billion, a P/E ratio of 152.63, a P/E/G ratio of 2.52 and a beta of 0.79. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $38.23. The business’s 50-day moving average is $23.52 and its 200 day moving average is $25.40.

Mosaic (NYSE:MOS) last posted its earnings results 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). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.Mosaic’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MOS. Wolfe Research dropped their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Bank of America lowered Mosaic from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $30.00 in a research note on Friday, March 20th. Mizuho dropped their price objective on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $27.47.

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.