Bayesian Capital Management LP Invests $386,000 in The Mosaic Company (NYSE:MOS)

Bayesian Capital Management LP bought a new position in The Mosaic Company (NYSE:MOS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,904 shares of the basic materials company’s stock, valued at approximately $386,000.

Several other institutional investors have also made changes to their positions in MOS. Price T Rowe Associates Inc. MD increased its position in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Norges Bank purchased a new position in Mosaic during the fourth quarter valued at approximately $107,893,000. Vanguard Group Inc. grew its position in Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares in the last quarter. Donald Smith & CO. Inc. grew its position in Mosaic by 88.7% during the first quarter. Donald Smith & CO. Inc. now owns 1,128,034 shares of the basic materials company’s stock valued at $36,616,000 after purchasing an additional 530,325 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Mosaic by 331.2% during the first quarter. Assenagon Asset Management S.A. now owns 639,033 shares of the basic materials company’s stock valued at $20,743,000 after purchasing an additional 490,837 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MOS. Royal Bank of Canada lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Monday, July 15th. Piper Sandler reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Scotiabank reduced their price objective on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday, May 6th. Barclays reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Finally, Mizuho reduced their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.43.

Mosaic Trading Up 0.7 %

Shares of NYSE:MOS traded up $0.22 during mid-day trading on Wednesday, reaching $29.79. The stock had a trading volume of 165,577 shares, compared to its average volume of 4,555,175. The firm has a market cap of $9.58 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. The firm has a 50 day simple moving average of $28.90 and a two-hundred day simple moving average of $30.35. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $26.54 and a twelve month high of $42.81.

Mosaic (NYSE:MOS) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business’s quarterly revenue was down 25.7% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. On average, research analysts predict that The Mosaic Company will post 2.59 EPS for the current fiscal year.

About Mosaic

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.