Carolina Wealth Advisors LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 237,300 shares of the basic materials company's stock, valued at approximately $6,409,000. Mosaic makes up about 3.5% of Carolina Wealth Advisors LLC's portfolio, making the stock its 8th largest position. Carolina Wealth Advisors LLC owned approximately 0.07% of Mosaic as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic during the 1st quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in Mosaic during the 4th quarter valued at $41,000. Ethos Financial Group LLC bought a new stake in Mosaic in the fourth quarter worth $55,000. Finally, ANTIPODES PARTNERS Ltd lifted its position in Mosaic by 115.1% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after buying an additional 1,694 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm's 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 sale, the senior vice president now owns 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company's stock.
Wall Street Analyst Weigh In
MOS has been the subject of a number of analyst reports. UBS Group raised their price target on Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Barclays restated an "overweight" rating and issued a $40.00 price target (up from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Oppenheimer raised their price target on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. Finally, Wall Street Zen downgraded Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.58.
Read Our Latest Research Report on Mosaic
Mosaic Stock Performance
MOS stock opened at $35.32 on Friday. 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 business's fifty day simple moving average is $33.81 and its two-hundred day simple moving average is $28.68. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $37.69. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.05 and a beta of 1.14.
Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business's revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.
About Mosaic
(
Free Report)
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.
See Also
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