The Mosaic Company (NYSE:MOS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of The Mosaic Company (NYSE:MOS) by 20.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,220 shares of the basic materials company’s stock after selling 21,110 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mosaic were worth $2,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Denali Advisors LLC raised its stake in shares of Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares during the last quarter. Mather Group LLC. purchased a new stake in Mosaic in the 1st quarter valued at about $40,000. Janiczek Wealth Management LLC grew its holdings in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after buying an additional 318 shares during the period. Quarry LP grew its holdings in Mosaic by 342.8% in the 4th quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock valued at $58,000 after buying an additional 1,258 shares during the period. Finally, Planned Solutions Inc. purchased a new stake in Mosaic in the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

NYSE:MOS opened at $28.39 on Friday. The business’s 50-day moving average price is $29.05 and its 200 day moving average price is $30.91. The firm has a market cap of $9.13 billion, a P/E ratio of 12.08, a PEG ratio of 1.49 and a beta of 1.41. The Mosaic Company has a 52-week low of $26.54 and a 52-week high of $42.81. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business earned $1.14 EPS. The company’s revenue for the quarter was down 25.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Mosaic Company will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MOS. UBS Group lowered their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho decreased their target price on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Barclays decreased their target price on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Scotiabank decreased their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler decreased their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus price target of $37.73.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.