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

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

Other hedge funds have also bought and sold shares of the company. Intellectus Partners LLC boosted its holdings in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Mosaic by 0.5% during the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock worth $2,275,000 after acquiring an additional 471 shares in the last quarter. Probity Advisors Inc. grew its position in shares of Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 508 shares during the period. United Capital Financial Advisors LLC increased its stake in shares of Mosaic by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares in the last quarter. Finally, Sicart Associates LLC boosted its position in Mosaic by 0.6% during the first quarter. Sicart Associates LLC now owns 110,762 shares of the basic materials company's stock worth $2,992,000 after purchasing an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MOS. BNP Paribas raised Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Barclays restated an "overweight" rating and set a $40.00 price objective (up from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Finally, Wells Fargo & Company raised their price target on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic Price Performance

MOS traded up $1.00 on Wednesday, reaching $37.78. 5,809,987 shares of the company's stock were exchanged, compared to its average volume of 4,822,622. The stock has a market cap of $11.98 billion, a PE ratio of 32.57, a P/E/G ratio of 2.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.04. The stock's fifty day moving average price is $34.17 and its 200-day moving average price is $28.83.

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

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% 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.