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

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

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mosaic by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after acquiring an additional 830,985 shares during the period. State Street Corp raised its stake in Mosaic by 1.9% during the fourth quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after acquiring an additional 240,146 shares in the last quarter. Invesco Ltd. raised its stake in Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after acquiring an additional 2,653,969 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock valued at $203,916,000 after acquiring an additional 63,822 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $22.38 on Friday. The business has a fifty day moving average of $22.69 and a 200-day moving average of $25.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $38.23. The firm has a market cap of $7.11 billion, a PE ratio of 172.17, a price-to-earnings-growth ratio of 2.65 and a beta of 0.79.

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

Analysts Set New Price Targets

MOS has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Rothschild & Co Redburn assumed coverage on shares of Mosaic in a report on Friday. They set a “buy” rating and a $30.00 price target for the company. Berenberg Bank reduced their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research note on Wednesday, May 13th. Finally, Bank of America lowered shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $30.00 in a report on Friday, March 20th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.39.

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.