The Mosaic Company (NYSE:MOS) is Duality Advisers LP’s Largest Position

Duality Advisers LP lifted its stake in The Mosaic Company (NYSE:MOS) by 523.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,388 shares of the basic materials company’s stock after purchasing an additional 181,654 shares during the period. Mosaic accounts for approximately 0.7% of Duality Advisers LP’s holdings, making the stock its largest position. Duality Advisers LP owned about 0.07% of Mosaic worth $7,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Mosaic by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock valued at $141,829,000 after purchasing an additional 189,706 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock valued at $136,641,000 after purchasing an additional 186,337 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Mosaic by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock valued at $109,042,000 after purchasing an additional 107,011 shares during the last quarter. Norges Bank bought a new position in shares of Mosaic in the 4th quarter valued at about $107,893,000. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Mosaic by 23.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after acquiring an additional 391,191 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of MOS traded up $0.43 during mid-day trading on Friday, hitting $28.52. 1,489,217 shares of the company were exchanged, compared to its average volume of 4,724,967. The Mosaic Company has a 1-year low of $26.54 and a 1-year high of $42.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The company has a 50 day moving average of $29.06 and a 200-day moving average of $30.96. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.41.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm’s revenue was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. Analysts expect that The Mosaic Company will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MOS shares. Mizuho lowered their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Royal Bank of Canada reduced their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Barclays reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. UBS Group reduced their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Scotiabank lowered their target price on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.73.

About Mosaic

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.