SG Americas Securities LLC Lowers Position in The Mosaic Company $MOS

SG Americas Securities LLC cut its stake in shares of The Mosaic Company (NYSE:MOS) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,480 shares of the basic materials company’s stock after selling 279,002 shares during the period. SG Americas Securities LLC owned about 0.14% of Mosaic worth $11,615,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Mosaic by 169.3% in the first 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 last quarter. CYBER HORNET ETFs LLC purchased a new position in Mosaic during the second quarter worth about $31,000. Gen Wealth Partners Inc bought a new stake in Mosaic in the 4th quarter worth about $32,000. MUFG Securities EMEA plc bought a new stake in Mosaic in the 2nd quarter worth about $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Mosaic in the 4th quarter valued at about $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MOS shares. Freedom Capital raised shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Rothschild & Co Redburn assumed coverage on Mosaic in a research report on Friday. They set a “buy” rating and a $30.00 price target for the company. UBS Group dropped their price target on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen cut Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $27.39.

Mosaic Stock Performance

Shares of MOS stock opened at $22.38 on Friday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 172.17, a P/E/G ratio of 2.57 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The Mosaic Company has a 52 week low of $19.80 and a 52 week high of $38.23. The firm’s 50-day simple moving average is $22.69 and its two-hundred day simple moving average is $25.21.

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). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that The Mosaic Company will post 0.83 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.