Maverick Capital Ltd. Acquires New Stake in The Mosaic Company $MOS

Maverick Capital Ltd. bought a new stake in The Mosaic Company (NYSE:MOS) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 30,159 shares of the basic materials company’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 601 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Mosaic in the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. lifted its stake in shares of 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 purchasing an additional 525 shares during the period. Gen Wealth Partners Inc purchased a new position in shares of Mosaic in the fourth quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Mosaic in the second quarter worth approximately $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. HSBC decreased their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Barclays cut their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Wall Street Zen cut Mosaic from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Mosaic in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.11.

Mosaic Stock Up 3.6%

Shares of MOS stock opened at $23.16 on Wednesday. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 178.13, a PEG ratio of 3.01 and a beta of 0.82. The Mosaic Company has a one year low of $19.80 and a one year high of $37.08. The company’s fifty day moving average price is $22.17 and its 200-day moving average price is $24.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. Sell-side analysts expect that The Mosaic Company will post 0.73 EPS for the current fiscal year.

Mosaic 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.