Invenomic Capital Management LP Acquires New Holdings in The Mosaic Company $MOS

by · The Markets Daily

Invenomic Capital Management LP acquired a new stake in shares of The Mosaic Company (NYSE:MOS – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 678,234 shares of the basic materials company’s stock, valued at approximately $16,339,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. AQR Capital Management LLC lifted its position in Mosaic by 632.6% during the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after purchasing an additional 7,294,205 shares during the period. Norges Bank bought a new position in Mosaic during the fourth quarter valued at approximately $103,129,000. Merewether Investment Management LP bought a new position in Mosaic in the second quarter worth approximately $72,380,000. Randolph Co Inc bought a new position in Mosaic in the fourth quarter worth approximately $33,264,000. Finally, Dimensional Fund Advisors LP raised its position in Mosaic by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after acquiring an additional 1,285,883 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent research reports. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. BMO Capital Markets decreased their price target on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. BNP Paribas Exane decreased their price target on shares of Mosaic from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.41.

Get Our Latest Stock Report on Mosaic

Mosaic Stock Up 3.4%

MOS opened at $22.43 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $38.23. The company has a market capitalization of $7.12 billion, a PE ratio of 172.57, a PEG ratio of 2.57 and a beta of 0.79. The firm’s 50 day simple moving average is $23.12 and its two-hundred day simple moving average is $25.33.

Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.15). The firm had revenue of $3 billion for 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 firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 0.83 EPS for the current year.

Mosaic Profile

(Free Report)

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.

Further Reading

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