Janus Henderson Group PLC Cuts Stock Position in The Mosaic Company $MOS

Janus Henderson Group PLC cut its position in The Mosaic Company (NYSE:MOS) by 28.9% in the first quarter, HoldingsChannel.com reports. The firm owned 362,094 shares of the basic materials company’s stock after selling 147,366 shares during the period. Janus Henderson Group PLC’s holdings in Mosaic were worth $9,232,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mosaic by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock valued at $363,110,000 after acquiring an additional 832,914 shares in the last quarter. State Street Corp boosted its stake in Mosaic by 1.9% in the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock valued at $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. increased its position in shares of Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after purchasing an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after purchasing an additional 63,822 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOS. HSBC cut their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Morgan Stanley lowered their price target on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. BNP Paribas Exane cut their price objective on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $27.17.

Mosaic Stock Performance

NYSE MOS opened at $23.49 on Thursday. The firm has a market capitalization of $7.46 billion, a P/E ratio of -11.63, a PEG ratio of 3.06 and a beta of 0.82. The stock has a 50-day simple moving average of $22.17 and a two-hundred day simple moving average of $24.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $36.99.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.71% and a negative net margin of 5.21%.Mosaic’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, equities analysts forecast that The Mosaic Company will post 0.73 earnings per share for the current year.

Mosaic Company Profile

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.