Cary Street Partners Financial LLC Purchases New Holdings in The Mosaic Company (NYSE:MOS)

Key Points

• Cary Street Partners Financial LLC acquired 17,825 shares of The Mosaic Company, valued at approximately $481,000, during the first quarter.
• Analysts recently provided mixed ratings on Mosaic; Barclays raised the target price to $46.00 while Wells Fargo adjusted it down to $34.00, giving the stock a consensus rating of Moderate Buy.
• In insider transactions, SVP Walter F. Precourt III sold 18,000 shares at an average price of $35.73, reducing his ownership by 12.28%.

Cary Street Partners Financial LLC acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,825 shares of the basic materials company's stock, valued at approximately $481,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV lifted its position in shares of Mosaic by 126.9% during the 1st quarter. ING Groep NV now owns 847,760 shares of the basic materials company's stock valued at $22,898,000 after acquiring an additional 474,090 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Mosaic by 5.9% during the 1st quarter. Blair William & Co. IL now owns 37,009 shares of the basic materials company's stock valued at $1,000,000 after acquiring an additional 2,047 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Mosaic by 10.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 53,765 shares of the basic materials company's stock valued at $1,452,000 after acquiring an additional 5,065 shares during the last quarter. Barings LLC raised its holdings in Mosaic by 166.1% during the 1st quarter. Barings LLC now owns 322,205 shares of the basic materials company's stock worth $8,703,000 after buying an additional 201,131 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Mosaic by 64.3% during the 1st quarter. Natixis Advisors LLC now owns 30,414 shares of the basic materials company's stock worth $821,000 after buying an additional 11,908 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of NYSE:MOS traded down $1.36 during midday trading on Tuesday, hitting $31.14. The company's stock had a trading volume of 8,957,852 shares, compared to its average volume of 5,627,291. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.59 and a beta of 1.12. The stock's 50 day simple moving average is $35.78 and its 200 day simple moving average is $30.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on MOS shares. CIBC boosted their price objective on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Oppenheimer reiterated an "outperform" rating and set a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. UBS Group upped their price target on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

Insider Activity

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president owned 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Mosaic Company Profile

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.