DNB Asset Management AS Buys 11,579 Shares of The Mosaic Company (NYSE:MOS)

DNB Asset Management AS grew its stake in shares of The Mosaic Company (NYSE:MOS) by 21.4% during the second quarter, according to the company in its most recent disclosure with the SEC. 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 SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highlander Capital Management LLC grew its stake in shares of Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Mosaic in the first quarter worth $40,000. Fidelis Capital Partners LLC bought a new stake in shares of Mosaic in the first quarter worth $50,000. Janiczek Wealth Management LLC grew its stake in shares of Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Mosaic by 342.8% in the fourth quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,258 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $26.97 on Wednesday. The firm’s 50-day moving average price is $28.57 and its 200-day moving average price is $30.20. The Mosaic Company has a 1-year low of $26.09 and a 1-year high of $42.81. The firm has a market capitalization of $8.68 billion, a P/E ratio of 11.49, a P/E/G 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.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Piper Sandler reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. Mizuho reduced their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Scotiabank cut their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Finally, Royal Bank of Canada cut their price target on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Monday, July 15th. One investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.54.

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.