Hsbc Holdings PLC Buys 493,008 Shares of The Mosaic Company $MOS

Hsbc Holdings PLC grew its stake in shares of The Mosaic Company (NYSE:MOS) by 94.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,014,987 shares of the basic materials company’s stock after acquiring an additional 493,008 shares during the period. Hsbc Holdings PLC owned 0.32% of Mosaic worth $24,556,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Mosaic by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 41,663 shares of the basic materials company’s stock worth $1,004,000 after purchasing an additional 7,555 shares during the period. Virtu Financial LLC bought a new stake in Mosaic in the 4th quarter valued at $1,260,000. Invesco Ltd. grew its holdings in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after buying an additional 2,653,969 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Mosaic by 247.8% in the 4th quarter. Corient Private Wealth LLC now owns 50,271 shares of the basic materials company’s stock valued at $1,148,000 after buying an additional 35,817 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in Mosaic by 32.3% in the 4th quarter. Vident Advisory LLC now owns 56,423 shares of the basic materials company’s stock valued at $1,359,000 after buying an additional 13,762 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MOS. Zacks Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a report on Friday, June 19th. 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 note on Thursday, June 18th. Scotiabank reiterated an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Morgan Stanley cut their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Finally, BMO Capital Markets decreased their target price on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.24.

Mosaic Stock Performance

NYSE:MOS opened at $20.87 on Thursday. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 160.57, a PEG ratio of 2.51 and a beta of 0.79. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $38.23. 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 stock has a fifty day moving average price of $22.77 and a 200-day moving average price of $25.24.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, equities analysts anticipate that The Mosaic Company will post 0.83 EPS for the current fiscal 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.