The Mosaic Company $MOS Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC cut its Mosaic stake by 88.2% in the first quarter, selling 362,534 shares and retaining 48,444 shares valued at approximately $1.24 million.
• Other major institutional investors increased their holdings, and institutional ownership now stands at 77.54% of Mosaic’s outstanding stock.
• Mosaic shares were trading at $23.08, while the company reported quarterly EPS of $0.13 versus $0.12 expected; revenue fell 6% year over year to $2.82 billion. Analysts maintain a consensus “Hold” rating with an average price target of $27.17.

Empowered Funds LLC reduced its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 88.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,444 shares of the basic materials company's stock after selling 362,534 shares during the quarter. Empowered Funds LLC's holdings in Mosaic were worth $1,235,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company's stock worth $942,477,000 after buying an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company's stock worth $363,110,000 after acquiring an additional 832,914 shares during the period. State Street Corp boosted its holdings in shares of Mosaic by 1.9% in the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company's stock valued at $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Mosaic by 28.9% in the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company's stock valued at $285,235,000 after acquiring an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company's stock valued at $203,916,000 after acquiring an additional 63,822 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Trading Down 1.6%

Shares of NYSE:MOS opened at $23.08 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 1.34. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of -11.42, a PEG ratio of 3.11 and a beta of 0.82. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The company has a 50 day moving average price of $22.14 and a 200 day moving average price of $24.63.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Mosaic from $24.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, May 12th. Wall Street Zen cut Mosaic from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. Berenberg Bank dropped their price objective on Mosaic from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Tuesday, May 19th. Freedom Capital upgraded Mosaic from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, June 17th. Finally, BNP Paribas Exane decreased their target price on Mosaic from $29.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic has a consensus rating of "Hold" and an average price target of $27.17.

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.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source