Kentucky Retirement Systems Invests $717,000 in The Mosaic Company $MOS

Kentucky Retirement Systems bought a new position in The Mosaic Company (NYSE:MOS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,136 shares of the basic materials company’s stock, valued at approximately $717,000.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Mosaic by 632.6% during the 3rd 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 last quarter. Norges Bank purchased a new stake in shares of Mosaic in the fourth quarter worth approximately $103,129,000. Invesco Ltd. lifted its holdings in shares of Mosaic by 28.9% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mosaic by 252.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,240,652 shares of the basic materials company’s stock valued at $82,637,000 after purchasing an additional 2,320,605 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Mosaic during the second quarter valued at approximately $72,380,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Wednesday, May 13th. Wells Fargo & Company reduced their target price on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Rothschild & Co Redburn initiated coverage on shares of Mosaic in a report on Friday, June 26th. They issued a “buy” rating and a $30.00 target price for the company. Finally, UBS Group cut their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.11.

Mosaic Stock Down 3.0%

MOS stock opened at $22.10 on Friday. The stock has a market cap of $7.02 billion, a P/E ratio of 170.00, a P/E/G ratio of 3.07 and a beta of 0.82. 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 stock’s fifty day simple moving average is $22.19 and its two-hundred day simple moving average is $24.77. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Analysts expect that The Mosaic Company will post 0.73 EPS 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.