PFG Investments LLC Acquires Shares of 7,970 The Mosaic Company (NYSE:MOS)

PFG Investments LLC purchased a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,970 shares of the basic materials company's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently modified their holdings of MOS. Charles Schwab Investment Management Inc. increased its position in Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after purchasing an additional 150,186 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Mosaic by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock worth $1,436,000 after purchasing an additional 685 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Mosaic during the fourth quarter worth about $1,054,000. Jones Financial Companies Lllp raised its position in shares of Mosaic by 59.5% in the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock valued at $189,000 after buying an additional 2,867 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Mosaic by 0.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 116,101 shares of the basic materials company's stock valued at $3,136,000 after buying an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MOS shares. Piper Sandler reiterated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Barclays reiterated an "overweight" rating and issued a $40.00 target price (up from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. BNP Paribas raised Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Scotiabank restated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Finally, CIBC upped their price objective 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. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Stock Up 0.4%

Shares of MOS stock traded up $0.14 during trading hours on Friday, reaching $35.32. The company had a trading volume of 4,663,710 shares, compared to its average volume of 4,812,994. The company has a market capitalization of $11.20 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $37.69. The stock's fifty day simple moving average is $33.81 and its 200 day simple moving average is $28.68.

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

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business's 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 transaction, the senior vice president now owns 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

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.