The Mosaic Company $MOS Stock Position Lifted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Mosaic position by 214.9% in the second quarter, holding 166,069 shares valued at approximately $3.52 million. Institutional investors and hedge funds collectively own 77.54% of the company.
• Analyst sentiment remains mixed but centers on a “Hold” consensus, with an average price target of $27.17. Recent firms lowered targets, while ratings range from Strong Buy to Sell.
• Mosaic’s stock opened at $22.66, near the lower end of its 52-week range. The company slightly exceeded quarterly EPS expectations at $0.13, but revenue fell 6% year over year to $2.82 billion and missed estimates.

Assenagon Asset Management S.A. grew its position in The Mosaic Company (NYSE:MOS - Free Report) by 214.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,069 shares of the basic materials company's stock after acquiring an additional 113,334 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.05% of Mosaic worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew 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 valued at $942,477,000 after buying an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 6.2% in the first 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 last quarter. State Street Corp lifted its holdings in Mosaic by 1.9% in the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company's stock worth $317,379,000 after acquiring an additional 240,146 shares during the last quarter. Invesco Ltd. boosted its stake in 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 during the period. Finally, Geode Capital Management LLC boosted its stake in Mosaic by 0.8% in 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. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MOS. Wells Fargo & Company dropped their price target on Mosaic from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 14th. UBS Group reduced their price objective on Mosaic from $27.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, May 12th. Zacks Research upgraded Mosaic from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Mosaic in a research report on Friday, August 7th. Finally, Wall Street Zen cut Mosaic from a "sell" rating to a "strong sell" rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $27.17.

Mosaic Stock Down 1.9%

MOS opened at $22.66 on Thursday. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The stock has a market cap of $7.19 billion, a P/E ratio of -11.22, a P/E/G ratio of 3.56 and a beta of 0.82. The stock's 50 day moving average price is $22.12 and its 200 day moving average price is $24.53.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, research analysts predict that The Mosaic Company will post 0.63 earnings per share for the current 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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