The Mosaic Company (NYSE:MOS) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its stake in The Mosaic Company (NYSE:MOS) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,965 shares of the basic materials company’s stock after acquiring an additional 1,415 shares during the period. Miracle Mile Advisors LLC’s holdings in Mosaic were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Denali Advisors LLC boosted its position in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares during the period. Mather Group LLC. acquired a new position in shares of Mosaic during the first quarter worth approximately $40,000. Janiczek Wealth Management LLC boosted its position in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the period. Quarry LP boosted its position in shares of Mosaic by 342.8% during the fourth quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after buying an additional 1,258 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Mosaic during the fourth quarter worth approximately $65,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MOS. Royal Bank of Canada reduced their price objective on Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Piper Sandler reduced their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Mizuho reduced their price objective on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Scotiabank dropped their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a report on Monday, May 6th. Finally, Barclays dropped their target price on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.29.

Mosaic Price Performance

NYSE MOS opened at $27.96 on Tuesday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.61 and a beta of 1.41. The Mosaic Company has a 1 year low of $26.67 and a 1 year high of $42.81. The business’s fifty day moving average is $29.52 and its two-hundred day moving average is $31.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. Mosaic’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. On average, research analysts forecast that The Mosaic Company will post 2.57 earnings per share for the current fiscal year.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.