Moran Wealth Management LLC Purchases Shares of 29,535 The Mosaic Company (NYSE:MOS)

Moran Wealth Management LLC acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,535 shares of the basic materials company's stock, valued at approximately $798,000.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Mosaic during the fourth quarter valued at about $97,363,000. Invesco Ltd. boosted its holdings in Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after acquiring an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares during the period. Criteria Caixa S.A.U. bought a new stake in Mosaic during the fourth quarter valued at about $36,231,000. Finally, Covalis Capital LLP bought a new stake in Mosaic during the fourth quarter valued at about $27,031,000. 77.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOS shares. Barclays reiterated an "overweight" rating and issued a $40.00 target price (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. CIBC increased their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $30.00 to $40.00 in a research note on Thursday, May 8th. Oppenheimer increased their target price on shares of Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Insider Transactions at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the sale, the senior vice president now owns 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company's stock.

Mosaic Price Performance

NYSE:MOS traded up $0.14 during mid-day trading on Friday, hitting $35.32. The company's stock had a trading volume of 4,663,710 shares, compared to its average volume of 4,810,234. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.07 and a beta of 1.14. The stock has a fifty day moving average of $33.65 and a 200-day moving average of $28.61. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

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.