Norges Bank Makes New $103.13 Million Investment in The Mosaic Company $MOS

Norges Bank acquired a new position in shares of The Mosaic Company (NYSE:MOS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,280,977 shares of the basic materials company’s stock, valued at approximately $103,129,000. Norges Bank owned about 1.35% of Mosaic at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Dorsey Wright & Associates bought a new stake in shares of Mosaic in the third quarter worth about $4,170,000. Wedge Capital Management L L P NC boosted its position in shares of Mosaic by 87.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after buying an additional 175,914 shares during the period. Barclays PLC boosted its position in shares of Mosaic by 55.6% during the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock worth $55,717,000 after buying an additional 574,352 shares during the period. Algert Global LLC boosted its position in shares of Mosaic by 26.3% during the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock worth $13,183,000 after buying an additional 79,222 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Mosaic during the fourth quarter worth about $1,302,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOS. Morgan Stanley reduced their price objective on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce set a $25.00 price target on Mosaic in a research report on Tuesday, May 12th. BMO Capital Markets reduced their price target on Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Mizuho reduced their price target on Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Barclays reduced their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.47.

Mosaic Stock Performance

MOS opened at $22.27 on Friday. The Mosaic Company has a 12-month low of $20.89 and a 12-month high of $38.23. The stock has a market cap 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 moving average of $23.77 and a 200-day moving average of $25.47. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities research analysts expect that The Mosaic Company will post 0.83 earnings per share for the current 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.