Northwestern Mutual Wealth Management Co. Makes New $1.94 Million Investment in The Mosaic Company $MOS

Northwestern Mutual Wealth Management Co. purchased a new position in The Mosaic Company (NYSE:MOS) during the second quarter, Holdings Channel reports. The fund purchased 91,537 shares of the basic materials company’s stock, valued at approximately $1,940,000.

A number of other hedge funds also recently made changes to their positions in MOS. BlackRock Inc. purchased a new stake in Mosaic during the second quarter valued at about $524,484,000. Donald Smith & CO. Inc. bought a new stake in Mosaic during the second quarter worth about $163,662,000. AQR Capital Management LLC boosted its holdings in shares of Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after purchasing an additional 7,294,205 shares in the last quarter. Norges Bank bought a new position in shares of Mosaic during the 4th quarter valued at about $103,129,000. Finally, Deutsche Bank AG bought a new position in shares of Mosaic during the 2nd quarter valued at about $73,112,000. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Down 1.6%

Shares of Mosaic stock opened at $24.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. The company’s 50 day moving average price is $22.24 and its 200-day moving average price is $24.21. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of -11.89, a P/E/G ratio of 4.42 and a beta of 0.82.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Equities research analysts forecast that The Mosaic Company will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MOS. Wells Fargo & Company cut their target price on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Morgan Stanley lowered their price objective on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, June 30th. Rothschild & Co Redburn assumed coverage on shares of Mosaic in a report on Friday, June 26th. They set a “buy” rating and a $30.00 target price on the stock. Barclays lowered their price target 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. Finally, UBS Group reduced their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.17.

Insider Activity

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of the business’s 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 transaction, the senior vice president owned 116,198 shares in the company, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Mosaic Company 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.