PFG Investments LLC Purchases New Position in The Mosaic Company (NYSE:MOS)

PFG Investments LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,970 shares of the basic materials company's stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. NBC Securities Inc. purchased a new position in Mosaic in the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Mosaic during the 1st quarter worth $27,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the 4th quarter worth $41,000. Ethos Financial Group LLC purchased a new position in shares of Mosaic during the 4th quarter worth $55,000. Finally, ANTIPODES PARTNERS Ltd raised its holdings in shares of Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after acquiring an additional 1,694 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Trading Up 0.4%

NYSE:MOS traded up $0.14 on Friday, reaching $35.32. 4,663,710 shares of the company's stock were exchanged, compared to its average volume of 4,804,898. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. The business has a fifty day moving average of $33.81 and a 200-day moving average of $28.71. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion for 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 business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In related 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 sale, the senior vice president now directly owns 128,546 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reiterated an "overweight" rating and set a $40.00 price target (up previously from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. CIBC lifted their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price target on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Seven 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

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.