K.J. Harrison & Partners Inc Purchases New Position in The Mosaic Company (NYSE:MOS)

K.J. Harrison & Partners Inc purchased a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,000 shares of the basic materials company's stock, valued at approximately $540,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Mosaic during the 1st quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the 1st quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the 4th quarter valued at about $41,000. Ethos Financial Group LLC purchased a new stake in Mosaic in the 4th quarter valued at about $55,000. Finally, ANTIPODES PARTNERS Ltd raised its holdings in Mosaic by 115.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after buying an additional 1,694 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Trading Up 0.4%

NYSE:MOS traded up $0.14 on Friday, reaching $35.32. 4,663,710 shares of the company's stock were exchanged, compared to its average volume of 4,804,898. 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 firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. The business has a fifty day moving average of $33.81 and a 200-day moving average of $28.69. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69.

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. 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 analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Piper Sandler restated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. JPMorgan Chase & Co. boosted their price objective on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Oppenheimer boosted their price objective on shares of Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.58.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 18,000 shares of the company'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 now directly owns 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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.