SG Americas Securities LLC Reduces Holdings in The Mosaic Company $MOS

SG Americas Securities LLC decreased its position in shares of The Mosaic Company (NYSE:MOS) by 38.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 455,480 shares of the basic materials company’s stock after selling 279,002 shares during the quarter. SG Americas Securities LLC’s holdings in Mosaic were worth $11,615,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC purchased a new stake in Mosaic during the first quarter valued at about $209,000. Diversified Trust Co purchased a new position in shares of Mosaic in the first quarter worth about $311,000. Rockefeller Capital Management L.P. raised its position in shares of Mosaic by 57.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 31,065 shares of the basic materials company’s stock valued at $748,000 after purchasing an additional 11,382 shares during the period. Corient Private Wealth LLC raised its position in shares of Mosaic by 126.3% in the fourth quarter. Corient Private Wealth LLC now owns 32,712 shares of the basic materials company’s stock valued at $788,000 after purchasing an additional 18,258 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Mosaic by 94.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,014,987 shares of the basic materials company’s stock valued at $24,556,000 after buying an additional 493,008 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MOS. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $33.00 to $30.00 in a report on Friday, March 20th. Freedom Capital upgraded Mosaic from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Scotiabank reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Mosaic in a report on Tuesday, May 19th. Rothschild & Co Redburn began coverage on Mosaic in a research report on Friday. They issued a “buy” rating and a $30.00 price target for the company. Finally, BNP Paribas Exane dropped their price objective on Mosaic from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.39.

Mosaic Stock Performance

Mosaic stock opened at $22.38 on Friday. The firm’s 50 day simple moving average is $22.69 and its 200 day simple moving average is $25.21. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $7.11 billion, a PE ratio of 172.17, a price-to-earnings-growth ratio of 2.57 and a beta of 0.79. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $38.23.

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

About Mosaic

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.