CenterBook Partners LP Boosts Holdings in The Mosaic Company $MOS

CenterBook Partners LP increased its holdings in The Mosaic Company (NYSE:MOS) by 286.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,428 shares of the basic materials company’s stock after purchasing an additional 127,125 shares during the period. CenterBook Partners LP owned 0.05% of Mosaic worth $4,130,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC raised its holdings in shares of Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 380 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 380 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Mosaic by 54.3% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 407 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 415 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Mosaic by 0.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 47,593 shares of the basic materials company’s stock worth $1,651,000 after acquiring an additional 432 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MOS has been the topic of several recent research reports. BNP Paribas Exane decreased their price objective on Mosaic from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. BMO Capital Markets decreased their price objective on Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. Finally, Mizuho decreased their price objective on Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.47.

Mosaic Stock Performance

NYSE:MOS opened at $21.38 on Tuesday. The stock’s fifty day moving average is $23.70 and its 200 day moving average is $25.45. The Mosaic Company has a fifty-two week low of $20.89 and a fifty-two week high of $38.23. The firm has a market capitalization of $6.79 billion, a PE ratio of 164.50, a PEG ratio of 2.63 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.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Mosaic Company will post 0.83 earnings per share for the current 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.