BlackRock Inc. Buys Shares of 24,751,481 The Mosaic Company $MOS

Key Points

• BlackRock acquired 24.75 million Mosaic shares in the second quarter, valued at approximately $524.5 million, giving it a 7.8% stake. Institutional investors collectively own 77.54% of the company.
• Mosaic’s latest quarterly results modestly beat earnings expectations, with EPS of $0.13 versus $0.12 expected, but revenue fell 6% year over year to $2.82 billion and net margin remained negative.
• Shares opened at $24.02, while analysts maintain a consensus “Hold” rating with an average price target of $27.17; targets range from $19 to $26 among recent analyst updates.

BlackRock Inc. purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,751,481 shares of the basic materials company's stock, valued at approximately $524,484,000. BlackRock Inc. owned about 7.80% of Mosaic as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MOS. AQR Capital Management LLC grew its stake in shares of Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company's stock worth $291,348,000 after acquiring an additional 7,294,205 shares during the last quarter. Norges Bank acquired a new position in Mosaic during the 4th quarter valued at $103,129,000. Deutsche Bank AG acquired a new position in Mosaic during the 2nd quarter valued at $73,112,000. Bank of New York Mellon Corp bought a new stake in Mosaic in the 2nd quarter valued at $57,285,000. Finally, Invesco Ltd. boosted its holdings in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company's stock valued at $285,235,000 after purchasing an additional 2,653,969 shares during the period. 77.54% of the stock is owned by institutional investors.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Mosaic Trading Down 1.6%

Shares of Mosaic stock opened at $24.02 on Tuesday. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. The firm has a market capitalization of $7.64 billion, a PE ratio of -11.89, a price-to-earnings-growth ratio of 4.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The company's fifty day moving average price is $22.24 and its two-hundred day moving average price is $24.21.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $0.51 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts expect that The Mosaic Company will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group decreased their price target on shares of Mosaic from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 12th. Barclays reduced their target price on shares of Mosaic from $31.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, May 18th. Morgan Stanley decreased their target price on Mosaic from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 30th. Mizuho set a $25.00 price target on Mosaic in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on Mosaic from $24.00 to $19.00 and set an "underweight" rating for the company in a report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.17.

Mosaic 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.

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