Evolve Private Wealth LLC Acquires New Holdings in The Mosaic Company $MOS

Evolve Private Wealth LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 22,024 shares of the basic materials company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cary Street Partners Financial LLC grew its position in shares of Mosaic by 2.0% in 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 during the last quarter. NewEdge Advisors LLC raised its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the last quarter. M&T Bank Corp raised its position 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. Geneos Wealth Management Inc. lifted its stake in Mosaic by 51.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after buying an additional 491 shares in the last quarter. Finally, Fulcrum Asset Management LLP lifted its stake in Mosaic by 17.2% in the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock valued at $85,000 after buying an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 1.3%

Shares of NYSE MOS opened at $24.30 on Wednesday. The firm has a market cap of $7.72 billion, a P/E ratio of -12.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99. The firm’s 50 day moving average price is $22.29 and its 200 day moving average price is $24.18.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.51 EPS. Mosaic’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Mosaic Company will post 0.54 earnings per share for the current year.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the sale, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MOS shares. Scotiabank reissued an “outperform” rating and set a $30.00 price target on shares of Mosaic in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Finally, Berenberg Bank cut their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.17.

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.