Swedbank AB Cuts Holdings in The Mosaic Company $MOS

Swedbank AB decreased its holdings in The Mosaic Company (NYSE:MOS) by 27.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,083 shares of the basic materials company’s stock after selling 137,900 shares during the period. Swedbank AB’s holdings in Mosaic were worth $9,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MOS. Cary Street Partners Financial LLC increased its holdings in shares of Mosaic by 2.0% in the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 380 shares during the period. NewEdge Advisors LLC raised its position in shares of Mosaic by 27.8% in the 1st 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 in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Mosaic by 4.0% during 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 during the last quarter. M&T Bank Corp lifted its stake in shares of Mosaic by 2.3% during 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 during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Mosaic by 51.4% during the second quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 491 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of several analyst reports. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Wells Fargo & Company lowered their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research report on Tuesday, May 12th. Scotiabank reiterated an “outperform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.11.

Mosaic Stock Up 3.6%

MOS stock traded up $0.75 on Friday, hitting $21.50. 6,736,617 shares of the company’s stock were exchanged, compared to its average volume of 9,571,846. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $37.53. The firm has a 50 day moving average price of $22.15 and a two-hundred day moving average price of $25.00. 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 cap of $6.83 billion, a P/E ratio of 165.41, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82.

Mosaic (NYSE:MOS) last released its quarterly 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). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 0.83 EPS for the current fiscal year.

About Mosaic

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.