OLD National Bancorp IN Has $895,000 Stake in The Mosaic Company $MOS

OLD National Bancorp IN trimmed its stake in The Mosaic Company (NYSE:MOS) by 46.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,094 shares of the basic materials company’s stock after selling 30,689 shares during the period. OLD National Bancorp IN’s holdings in Mosaic were worth $895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Louisiana State Employees Retirement System bought a new position in shares of Mosaic in the first quarter valued at approximately $413,000. Kestra Private Wealth Services LLC bought a new stake in shares of Mosaic during the 1st quarter worth $246,000. Cardinal Point Capital Management ULC bought a new stake in shares of Mosaic during the 1st quarter worth $442,000. Ritholtz Wealth Management acquired a new position in Mosaic in the 1st quarter valued at $308,000. Finally, Live Oak Private Wealth LLC grew its stake in Mosaic by 12.8% in the 1st quarter. Live Oak Private Wealth LLC now owns 215,211 shares of the basic materials company’s stock valued at $5,488,000 after buying an additional 24,401 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MOS shares. HSBC cut their target price on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. Rothschild & Co Redburn started coverage on Mosaic in a research note on Friday. They issued a “buy” rating and a $30.00 price objective on the stock. Canadian Imperial Bank of Commerce set a $25.00 price objective on Mosaic in a research report on Tuesday, May 12th. Scotiabank restated an “outperform” rating and set a $30.00 target price on shares of Mosaic in a research note on Tuesday, May 19th. Finally, Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.39.

Mosaic Trading Up 3.0%

Mosaic stock opened at $22.38 on Friday. The business has a 50 day moving average price of $22.69 and a two-hundred day moving average price of $25.21. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $38.23. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 172.17, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.Mosaic’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, equities analysts forecast that The Mosaic Company will post 0.83 EPS for the current year.

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.