Moran Wealth Management LLC Takes $798,000 Position in The Mosaic Company (NYSE:MOS)

Moran Wealth Management LLC bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,535 shares of the basic materials company's stock, valued at approximately $798,000.

Several other large investors also recently modified their holdings of MOS. Uncommon Cents Investing LLC boosted its holdings in shares of Mosaic by 5.5% in the first quarter. Uncommon Cents Investing LLC now owns 14,493 shares of the basic materials company's stock valued at $391,000 after buying an additional 753 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Mosaic in the 1st quarter valued at $1,119,000. Live Oak Private Wealth LLC boosted its stake in Mosaic by 25.7% in the 1st quarter. Live Oak Private Wealth LLC now owns 99,333 shares of the basic materials company's stock worth $2,683,000 after purchasing an additional 20,307 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Mosaic by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock worth $1,520,000 after purchasing an additional 14,943 shares during the period. Finally, Innealta Capital LLC bought a new position in Mosaic during the 1st quarter worth about $247,000. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MOS. Scotiabank restated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Oppenheimer upped their price target on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Mizuho decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mosaic has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Mosaic Stock Performance

Shares of NYSE MOS traded up $1.17 during mid-day trading on Monday, reaching $36.49. 5,951,713 shares of the company were exchanged, compared to its average volume of 4,809,499. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $37.69. The stock has a market capitalization of $11.58 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.06 and a beta of 1.14. The company's 50-day simple moving average is $33.99 and its 200-day simple moving average is $28.77. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28.

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

Insider Buying and Selling

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company'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 owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.