DNB Asset Management AS Grows Holdings in The Mosaic Company (NYSE:MOS)

DNB Asset Management AS increased its position in The Mosaic Company (NYSE:MOS) by 21.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,685 shares of the basic materials company’s stock after buying an additional 11,579 shares during the quarter. DNB Asset Management AS’s holdings in Mosaic were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC increased its holdings in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 318 shares in the last quarter. Uncommon Cents Investing LLC boosted its stake in Mosaic by 3.2% in the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 415 shares during the period. Wahed Invest LLC boosted its stake in Mosaic by 8.6% in the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 445 shares during the period. Parallel Advisors LLC boosted its stake in Mosaic by 10.9% in the 4th quarter. Parallel Advisors LLC now owns 4,570 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 450 shares during the period. Finally, Empirical Finance LLC boosted its stake in Mosaic by 2.2% in the 1st quarter. Empirical Finance LLC now owns 22,388 shares of the basic materials company’s stock worth $727,000 after purchasing an additional 487 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 0.1 %

Shares of NYSE MOS opened at $26.97 on Wednesday. The stock has a market capitalization of $8.68 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12-month low of $26.09 and a 12-month high of $42.81. The stock’s fifty day simple moving average is $28.57 and its two-hundred day simple moving average is $30.20.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. As a group, analysts expect that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays dropped their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. UBS Group dropped their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Royal Bank of Canada dropped their price target on Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research note on Monday, July 15th. Piper Sandler dropped their price target on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Finally, Scotiabank lowered their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.54.

Mosaic 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.