Innealta Capital LLC Makes New $247,000 Investment in The Mosaic Company (NYSE:MOS)

Innealta Capital LLC purchased a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,157 shares of the basic materials company's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Mosaic in the first quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Mosaic in the first quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new stake in shares of Mosaic during the fourth quarter valued at about $41,000. Ethos Financial Group LLC bought a new stake in shares of Mosaic during the fourth quarter valued at about $55,000. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Mosaic by 115.1% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 1,694 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

Mosaic stock traded down $0.16 during midday trading on Friday, hitting $36.28. The company's stock had a trading volume of 10,468,903 shares, compared to its average volume of 4,820,728. 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 stock's 50-day moving average price is $32.94 and its 200-day moving average price is $28.38. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $37.69. The company has a market capitalization of $11.51 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MOS. Mizuho cut their price objective on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Scotiabank restated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. CIBC lifted their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Barclays restated an "overweight" rating and set a $40.00 price objective (up from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Finally, Piper Sandler restated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Seven investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

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 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 in the company, 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. Corporate insiders own 0.86% of the company's stock.

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.