The Mosaic Company $MOS Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Mosaic stake by 7.4% in the first quarter, purchasing 170,724 additional shares and bringing its holdings to 2.49 million shares valued at approximately $63.4 million. Institutional investors collectively own 77.54% of MOS.
• Analyst sentiment remains cautious, with Mosaic holding a consensus “Hold” rating and an average price target of $27.17 after several brokerages reduced their targets.
• Mosaic’s latest quarterly results modestly beat earnings expectations at $0.13 per share versus $0.12 expected, but revenue fell 6% year over year to $2.82 billion, below the $3.10 billion estimate.

Bank of America Corp DE raised its stake in The Mosaic Company (NYSE:MOS - Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,486,973 shares of the basic materials company's stock after purchasing an additional 170,724 shares during the quarter. Bank of America Corp DE owned 0.78% of Mosaic worth $63,418,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. purchased a new position in Mosaic in the 1st quarter valued at $1,172,000. Kentucky Retirement Systems purchased a new position in Mosaic during the 1st quarter worth $717,000. Bull Harbor Capital LLC purchased a new position in Mosaic during the 1st quarter worth $291,000. Amundi lifted its stake in shares of Mosaic by 2.5% in the 1st quarter. Amundi now owns 1,497,318 shares of the basic materials company's stock worth $38,182,000 after acquiring an additional 36,597 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Mosaic by 119.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 22,450 shares of the basic materials company's stock worth $572,000 after acquiring an additional 12,227 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MOS. UBS Group lowered their target price on shares of Mosaic from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Morgan Stanley cut their price target on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Tuesday, June 30th. Zacks Research upgraded shares of Mosaic from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. The Goldman Sachs Group lowered their price objective on Mosaic from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Finally, HSBC dropped their target price on Mosaic from $26.00 to $23.00 and set a "hold" rating on the stock in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $27.17.

Mosaic Stock Up 1.4%

MOS stock opened at $23.38 on Tuesday. The company has a market cap of $7.42 billion, a P/E ratio of -11.57, a P/E/G ratio of 3.46 and a beta of 0.82. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $36.99. The company's 50-day moving average price is $22.14 and its 200 day moving average price is $24.60. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, research analysts expect that The Mosaic Company will post 0.65 earnings per share for the current fiscal year.

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.

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