Foundry Partners LLC Acquires 81,932 Shares of The Mosaic Company (NYSE:MOS)

Foundry Partners LLC raised its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,808 shares of the basic materials company's stock after buying an additional 81,932 shares during the quarter. Foundry Partners LLC owned about 0.21% of Mosaic worth $17,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Mosaic during the 1st quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic during the 1st quarter valued at approximately $27,000. Allworth Financial LP grew its holdings 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 buying an additional 537 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Mosaic during the 4th quarter valued at approximately $41,000. Finally, Huntington National Bank grew its holdings in Mosaic by 54.1% during the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock valued at $83,000 after buying an additional 1,185 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MOS shares. Piper Sandler reaffirmed a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Barclays increased their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Finally, Oppenheimer increased their target price on Mosaic from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.58.

Mosaic Trading Up 0.9%

MOS traded up $0.34 during trading on Tuesday, reaching $35.87. The company had a trading volume of 3,279,612 shares, compared to its average volume of 4,849,324. The stock has a market cap of $11.38 billion, a P/E ratio of 30.92, a PEG ratio of 1.61 and a beta of 1.12. The business has a 50 day simple moving average of $35.85 and a 200-day simple moving average of $30.04. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. Mosaic's revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, equities analysts anticipate that The Mosaic Company will post 2.04 EPS 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.