280,450 Shares in The Mosaic Company $MOS Acquired by Algert Global LLC

Key Points

• Algert Global LLC has acquired 280,450 shares of The Mosaic Company, worth approximately $7.57 million, representing a 0.09% ownership stake as of the latest quarter.
• Several hedge funds have increased their positions in Mosaic, with Boston Partners and Dimensional Fund Advisors LP notably boosting their stakes by 42.2% and 4.1%, respectively.
• The Mosaic Company reported earnings of $0.51 per share for the last quarter, missing estimates by $0.20, while its revenue increased 6.7% year-over-year to $3.01 billion.

Algert Global LLC bought a new stake in shares of 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 fund bought 280,450 shares of the basic materials company's stock, valued at approximately $7,575,000. Algert Global LLC owned approximately 0.09% of Mosaic at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MOS. NBC Securities Inc. bought a new stake in shares of Mosaic during the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Mosaic during the 1st quarter valued at $27,000. Allworth Financial LP boosted its holdings 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 valued at $31,000 after buying an additional 537 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the 4th quarter worth about $41,000. Finally, Headlands Technologies LLC raised its position in shares of Mosaic by 132.7% in 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 last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

MOS has been the subject of several recent analyst reports. UBS Group lifted their price target on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company lowered their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. CIBC lifted their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.1550 during midday trading on Thursday, hitting $32.6050. 3,496,350 shares of the company's stock traded hands, compared to its average volume of 5,556,561. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm has a fifty day moving average of $35.31 and a 200 day moving average of $31.09.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current 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.