Wedge Capital Management L L P NC Buys 98,060 Shares of The Mosaic Company $MOS

Key Points

• Wedge Capital Management increased its Mosaic stake by 24.7% in the second quarter, purchasing 98,060 shares and bringing its total holdings to 494,520 shares valued at approximately $10.5 million.
• Mosaic’s latest earnings slightly exceeded expectations on profit, reporting $0.13 in EPS versus a $0.12 consensus estimate, but revenue fell short at $2.82 billion and declined 6% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $27.17, while Mosaic shares recently traded at $22.66 amid lowered targets from several major firms.

Wedge Capital Management L L P NC grew its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 24.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,520 shares of the basic materials company's stock after purchasing an additional 98,060 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.16% of Mosaic worth $10,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after buying an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Mosaic during the 2nd quarter valued at $31,000. SJS Investment Consulting Inc. grew its holdings in Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock worth $32,000 after acquiring an additional 525 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in Mosaic in the 4th quarter worth $32,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Mosaic in the second quarter valued at about $34,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 1.9%

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

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Mosaic from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 12th. Barclays cut their target price on Mosaic from $31.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, May 18th. Freedom Capital upgraded Mosaic from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. lowered their price target on Mosaic from $24.00 to $19.00 and set an "underweight" rating for the company in a research report on Tuesday, May 12th. Finally, Morgan Stanley dropped their price objective on Mosaic from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Tuesday, June 30th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.

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