CCM Investment Group LLC Takes Position in The Mosaic Company (NYSE:MOS)

Key Points

• CCM Investment Group LLC acquired 33,745 shares of The Mosaic Company (NYSE:MOS), valued at approximately $920,000, during the first quarter.
• The Mosaic Company reported $0.51 EPS for the last quarter, missing the consensus estimate of $0.71, with a revenue of $3.01 billion, slightly below the expected $3.11 billion.
• Several analysts have recently raised their price targets for Mosaic, with JPMorgan Chase increasing its target from $29.00 to $35.00, while Barclays set a target at $46.00.

CCM Investment Group LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 33,745 shares of the basic materials company's stock, valued at approximately $920,000.

Several other large investors also recently bought and sold shares of MOS. NBC Securities Inc. purchased a new stake in Mosaic during the 1st quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Mosaic during the 1st quarter worth approximately $27,000. Allworth Financial LP boosted its position in shares of Mosaic by 102.3% during the 1st 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 purchased a new position in shares of Mosaic during the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC boosted its position in shares of Mosaic by 132.7% during the 1st quarter. Headlands Technologies LLC now owns 2,634 shares of the basic materials company's stock worth $71,000 after purchasing an additional 1,502 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president directly owned 128,546 shares in the company, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. UBS Group increased their price objective on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Scotiabank lowered their price objective on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and an average target price of $36.42.

Mosaic Stock Down 0.3%

Mosaic stock traded down $0.11 during mid-day trading on Thursday, reaching $32.10. 3,416,932 shares of the company's stock were exchanged, compared to its average volume of 5,602,606. The company has a market cap of $10.18 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.51 and a beta of 1.12. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $35.57 and a 200-day moving average of $30.95.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%. Mosaic's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Sell-side analysts expect 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.