Mosaic Co (MOS): Are Hedge Funds Right About This Stock?

Due to the fact that Mosaic Co (NYSE:MOS) has faced declining sentiment from the entirety of the hedge funds we track, we can see that there were a few hedgies who were dropping their full holdings by the end of the third quarter. It’s worth mentioning that Dmitry Balyasny’s Balyasny Asset Management dropped the biggest position of the 700 funds monitored by Insider Monkey, comprising an estimated $59.1 million in stock. Robert Polak’s fund, Anchor Bolt Capital, also dumped its stock, about $58.4 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 8 funds by the end of the third quarter.

Let’s now take a look at hedge fund activity in other stocks similar to Mosaic Co (NYSE:MOS). These stocks are Church & Dwight Co., Inc. (NYSE:CHD), XL Group plc (NYSE:XL), Xilinx, Inc. (NASDAQ:XLNX), and KeyCorp (NYSE:KEY). This group of stocks’ market caps are closest to MOS’s market cap.

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $766 million. That figure was $506 million in MOS’s case. XL Group plc (NYSE:XL) is the most popular stock in this table. On the other hand Church & Dwight Co., Inc. (NYSE:CHD) is the least popular one with only 18 bullish hedge fund positions. Compared to these stocks Mosaic Co (NYSE:MOS), with 39 bullish hedge fund positions, is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.