Citigroup Inc. Reduces Position in The Mosaic Company $MOS

Key Points

• Citigroup Inc. reduced its stake in The Mosaic Company by 11.7%, selling 54,585 shares, and now holds 411,458 shares valued at approximately $11.1 million.
• Mosaic reported a missed earnings estimate with $0.51 EPS for the last quarter, below the consensus of $0.71, alongside a revenue of $3.01 billion compared to expectations of $3.11 billion.
• Institutional investors own 77.54% of Mosaic's stock, illustrating a significant interest from large financial firms in the company's shares.

Citigroup Inc. decreased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 11.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 411,458 shares of the basic materials company's stock after selling 54,585 shares during the period. Citigroup Inc. owned 0.13% of Mosaic worth $11,113,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Mosaic during the first quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic during the first quarter worth $27,000. Allworth Financial LP boosted its position in 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 acquiring an additional 537 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the 4th quarter valued at $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 acquiring an additional 1,502 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MOS. CIBC raised their price objective on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating 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 report on Thursday, August 14th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.42.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the business'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 owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Mosaic Stock Up 0.5%

Shares of MOS traded up $0.1550 during mid-day trading on Thursday, hitting $32.6050. 3,496,350 shares of the company traded hands, compared to its average volume of 5,428,351. The company has a market capitalization of $10.35 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $35.27 and a 200 day moving average of $31.13. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

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

About Mosaic

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.