Goldman Sachs Group Inc. Lowers Holdings in The Mosaic Company (NYSE:MOS)

Goldman Sachs Group Inc. cut its position in The Mosaic Company (NYSE:MOS) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,698 shares of the basic materials company’s stock after selling 546,521 shares during the quarter. Goldman Sachs Group Inc. owned about 0.38% of Mosaic worth $43,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MOS. Norges Bank purchased a new stake in Mosaic in the 4th quarter worth approximately $107,893,000. Northern Trust Corp raised its position in shares of Mosaic by 7.5% during the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after buying an additional 424,063 shares in the last quarter. AustralianSuper Pty Ltd raised its position in shares of Mosaic by 23.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after buying an additional 391,191 shares in the last quarter. Scout Investments Inc. raised its position in shares of Mosaic by 278.8% during the 4th quarter. Scout Investments Inc. now owns 454,802 shares of the basic materials company’s stock valued at $16,250,000 after buying an additional 334,730 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its position in shares of Mosaic by 84.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 597,709 shares of the basic materials company’s stock valued at $21,356,000 after buying an additional 273,590 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Wolfe Research assumed coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective on the stock. Scotiabank lowered their price objective on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Royal Bank of Canada reduced their target price on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, May 6th. Finally, Wells Fargo & Company increased their target price on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.29.

Mosaic Price Performance

Shares of Mosaic stock opened at $27.72 on Friday. The firm has a market cap of $8.92 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The Mosaic Company has a 12-month low of $26.67 and a 12-month high of $42.81. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $29.77 and its two-hundred day simple moving average is $31.81.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue was down 25.7% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. As a group, equities analysts expect that The Mosaic Company will post 2.64 EPS for the current year.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.