Allianz Asset Management GmbH Grows Stake in The Mosaic Company (NYSE:MOS)

Allianz Asset Management GmbH raised its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 21.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,942,263 shares of the basic materials company's stock after purchasing an additional 348,349 shares during the period. Allianz Asset Management GmbH owned 0.61% of Mosaic worth $52,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Mosaic in the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Mosaic in the 1st quarter worth approximately $27,000. Allworth Financial LP raised its position in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the 4th quarter worth approximately $41,000. Finally, Huntington National Bank raised its position in shares of Mosaic by 54.1% in the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after acquiring an additional 1,185 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

MOS has been the subject of several research reports. Scotiabank reissued an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. UBS Group raised Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 target price for the company in a research report on Wednesday. Wells Fargo & Company increased their target price on Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Barclays increased their target price on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Oppenheimer reissued an "outperform" rating and issued a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus target price of $36.75.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Mosaic Stock Down 1.3%

MOS traded down $0.48 during trading on Friday, hitting $36.91. 5,210,800 shares of the company's stock traded hands, compared to its average volume of 4,272,391. The company's 50 day simple moving average is $36.04 and its two-hundred day simple moving average is $30.33. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.67 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $0.65 EPS. The company's revenue was down 2.2% compared to the same quarter last year. Analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal 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.