Norges Bank Makes New Investment in The Mosaic Company $MOS

Norges Bank acquired a new position in shares of The Mosaic Company (NYSE:MOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,280,977 shares of the basic materials company’s stock, valued at approximately $103,129,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its position in Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after acquiring an additional 7,294,205 shares during the last quarter. Merewether Investment Management LP bought a new stake in shares of Mosaic in the 2nd quarter valued at about $72,380,000. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after buying an additional 1,285,883 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Mosaic in the 3rd quarter valued at about $38,594,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Mosaic by 63.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,887,407 shares of the basic materials company’s stock valued at $65,455,000 after buying an additional 729,603 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MOS. BNP Paribas Exane reduced their price target on Mosaic from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Mizuho reduced their price target on Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $25.00 price target on Mosaic in a research report on Tuesday, May 12th. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Barclays reduced their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.47.

Mosaic Stock Performance

Shares of Mosaic stock opened at $22.27 on Friday. The Mosaic Company has a one year low of $20.89 and a one year high of $38.23. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 171.31, a PEG ratio of 2.71 and a beta of 0.79. The business has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $25.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, research analysts anticipate 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.