Russell Investments Group Ltd. Increases Stock Position in The Mosaic Company (NYSE:MOS)

Russell Investments Group Ltd. grew its position in The Mosaic Company (NYSE:MOS) by 32.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 908,214 shares of the basic materials company’s stock after purchasing an additional 223,432 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Mosaic worth $29,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Mosaic by 5.0% in the fourth 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. raised its holdings in shares of Mosaic by 5.1% in the fourth 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. Norges Bank purchased a new stake in Mosaic during the fourth quarter worth about $107,893,000. AustralianSuper Pty Ltd increased its holdings in Mosaic by 23.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after buying an additional 391,191 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,963,682 shares of the basic materials company’s stock worth $70,162,000 after buying an additional 48,883 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Monday. Mizuho cut their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Piper Sandler cut their target price on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Barclays cut their target price on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Finally, UBS Group cut their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and an average price target of $37.60.

Mosaic Price Performance

Mosaic stock traded up $0.92 during mid-day trading on Tuesday, hitting $29.77. 3,543,708 shares of the company traded hands, compared to its average volume of 4,716,336. The Mosaic Company has a one year low of $26.54 and a one year high of $42.81. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. 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 stock has a fifty day moving average price of $29.05 and a 200-day moving average price of $30.78.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company’s revenue was down 25.7% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, equities analysts predict that The Mosaic Company will post 2.59 earnings per share for the current fiscal year.

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.