28,700 Shares in The Mosaic Company (NYSE:MOS) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 28,700 shares of the basic materials company's stock, valued at approximately $775,000.

Several other hedge funds have also added to or reduced their stakes in MOS. NBC Securities Inc. purchased a new stake in Mosaic in the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in Mosaic in the 1st quarter valued at $27,000. Allworth Financial LP increased its holdings in shares of Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter worth $41,000. Finally, Huntington National Bank raised its position in shares of Mosaic by 54.1% in the fourth quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after buying an additional 1,185 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler restated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Scotiabank reissued an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price target on Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their price objective on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.58.

Mosaic Trading Up 2.7%

MOS opened at $36.22 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 2.06 and a beta of 1.12. The business has a 50 day simple moving average of $35.80 and a two-hundred day simple moving average of $29.89.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic 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.

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