30,159 Shares in The Mosaic Company $MOS Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of The Mosaic Company (NYSE:MOS) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 30,159 shares of the basic materials company’s stock, valued at approximately $769,000.

Other hedge funds have also bought and sold shares of the company. Cary Street Partners Financial LLC increased its stake in shares of Mosaic by 2.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Mosaic by 27.8% during 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 last quarter. Asset Management One Co. Ltd. boosted its position in shares of Mosaic by 4.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 11,914 shares of the basic materials company’s stock worth $287,000 after purchasing an additional 461 shares in the last quarter. M&T Bank Corp boosted its position in shares of Mosaic by 2.3% in the 4th quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock worth $508,000 after purchasing an additional 466 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Mosaic by 51.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock worth $53,000 after buying an additional 491 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS opened at $23.16 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The stock has a market capitalization of $7.35 billion, a P/E ratio of 178.13, a P/E/G ratio of 3.01 and a beta of 0.82. The company’s 50-day simple moving average is $22.17 and its two-hundred day simple moving average is $24.84. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $37.08.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HSBC reduced their price objective on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. BMO Capital Markets dropped their target price on Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. UBS Group cut their target price on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Wells Fargo & Company reduced their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.