Brandywine Global Investment Management LLC Makes New Investment in The Mosaic Company $MOS

Key Points

• Brandywine Global Investment Management LLC has acquired a new position in The Mosaic Company, purchasing 192,959 shares valued at approximately $5.2 million in the first quarter.
• The Mosaic Company reported an earnings per share (EPS) of $0.51 for the last quarter, missing analysts' expectations, and has quarterly revenue of $3.01 billion.
• Approximately 77.54% of Mosaic's stock is currently owned by hedge funds and other institutional investors, highlighting significant institutional interest.

Brandywine Global Investment Management LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 192,959 shares of the basic materials company's stock, valued at approximately $5,212,000. Brandywine Global Investment Management LLC owned 0.06% of Mosaic at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MOS. Raymond James Financial Inc. bought a new position in Mosaic in the fourth quarter worth approximately $3,599,000. Mariner LLC raised its position in shares of Mosaic by 12.9% during the 4th quarter. Mariner LLC now owns 52,757 shares of the basic materials company's stock valued at $1,297,000 after purchasing an additional 6,027 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Mosaic during the 4th quarter valued at $206,000. Guggenheim Capital LLC raised its position in shares of Mosaic by 29.4% during the 4th quarter. Guggenheim Capital LLC now owns 44,019 shares of the basic materials company's stock valued at $1,082,000 after purchasing an additional 10,013 shares during the period. Finally, United Capital Financial Advisors LLC raised its position in shares of Mosaic by 7.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic 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 completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank decreased their price objective on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. Zacks Research upgraded shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Wells Fargo & Company decreased their price objective on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. CIBC raised their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Oppenheimer restated an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $36.42.

Mosaic Price Performance

MOS traded up $0.1550 during trading on Thursday, hitting $32.6050. 3,496,350 shares of the company traded hands, compared to its average volume of 5,556,561. The company has a market cap of $10.35 billion, a PE ratio of 11.05, a P/E/G ratio of 1.50 and a beta of 1.12. The stock's 50-day simple moving average is $35.31 and its two-hundred day simple moving average is $31.09. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business's quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal 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.