Gemsstock Ltd. Makes New Investment in The Mosaic Company (NYSE:MOS)

Key Points

• Gemsstock Ltd. initiated a stake in The Mosaic Company by acquiring 518,600 shares valued at approximately $14 million, making Mosaic the 8th largest position in Gemsstock's portfolio.
• The stock of Mosaic has recently seen a 1.6% increase and reported quarterly earnings with an EPS of $0.51, missing the expected consensus of $0.71.
• Analysts have issued mixed ratings on Mosaic, with price adjustments ranging from $33.00 to $39.00, reflecting varying outlooks on its market performance.

Gemsstock Ltd. purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 518,600 shares of the basic materials company's stock, valued at approximately $14,007,000. Mosaic accounts for 5.3% of Gemsstock Ltd.'s portfolio, making the stock its 8th biggest holding. Gemsstock Ltd. owned about 0.16% of Mosaic at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Mosaic during the fourth quarter valued at $3,599,000. Treasurer of the State of North Carolina boosted its position in Mosaic by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 140,676 shares of the basic materials company's stock worth $3,458,000 after acquiring an additional 880 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Mosaic by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 19,115 shares of the basic materials company's stock valued at $470,000 after buying an additional 6,919 shares during the last quarter. Mariner LLC lifted its holdings 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 buying an additional 6,027 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of Mosaic in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Price Performance

NYSE MOS traded up $0.37 during midday trading on Friday, hitting $32.47. The company had a trading volume of 3,386,894 shares, compared to its average volume of 5,588,403. The company has a market capitalization of $10.30 billion, a PE ratio of 11.01, a P/E/G ratio of 1.53 and a beta of 1.12. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $35.48 and a 200-day moving average price of $30.98. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic's revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business's 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MOS shares. 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. Wells Fargo & Company reduced their target price on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. UBS Group lifted their price target on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.42.

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.