Evolve Private Wealth LLC Acquires Shares of 22,024 The Mosaic Company $MOS

Evolve Private Wealth LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,024 shares of the basic materials company’s stock, valued at approximately $467,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cary Street Partners Financial LLC increased its stake in shares of Mosaic by 2.0% during the fourth 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 during the period. NewEdge Advisors LLC lifted its position in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. M&T Bank Corp lifted its position in Mosaic by 2.3% in the fourth quarter. M&T Bank Corp now owns 21,101 shares of the basic materials company’s stock valued at $508,000 after purchasing an additional 466 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Mosaic by 51.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 491 shares in the last quarter. Finally, Fulcrum Asset Management LLP boosted its holdings in Mosaic by 17.2% in the 4th quarter. Fulcrum Asset Management LLP now owns 3,529 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Rothschild & Co Redburn initiated coverage on Mosaic in a research note on Friday, June 26th. They set a “buy” rating and a $30.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. UBS Group dropped their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. BNP Paribas Exane cut their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Mosaic in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.17.

Mosaic Trading Up 1.3%

Shares of MOS opened at $24.30 on Wednesday. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. 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 firm has a market capitalization of $7.72 billion, a P/E ratio of -12.03, a PEG ratio of 4.34 and a beta of 0.82. The firm’s 50-day moving average is $22.29 and its two-hundred day moving average is $24.18.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, research analysts predict that The Mosaic Company will post 0.54 earnings per share 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.