The Mosaic Company $MOS Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has cut its stake in The Mosaic Company by 92.2%, selling 168,818 shares during the first quarter, leaving it with 14,332 shares valued at approximately $387,000.
• Several institutional investors have adjusted their holdings in Mosaic, with Allworth Financial LP increasing its stake by 102.3% in the first quarter, maintaining a significant institutional ownership at 77.54%.
• Mosaic reported earnings per share (EPS) of $0.51 for the last quarter, missing estimates and showing a year-over-year revenue increase of 6.7%.

Korea Investment CORP lessened its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 92.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,332 shares of the basic materials company's stock after selling 168,818 shares during the period. Korea Investment CORP's holdings in Mosaic were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MOS. Boston Partners lifted its position in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after buying an additional 2,368,094 shares during the last quarter. Criteria Caixa S.A.U. acquired a new position in shares of Mosaic during the fourth quarter worth $36,231,000. Nuveen LLC acquired a new position in shares of Mosaic during the first quarter worth $33,897,000. Victory Capital Management Inc. increased its position in shares of Mosaic by 606.2% during the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock worth $37,526,000 after purchasing an additional 1,192,602 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Mosaic by 33.5% during the fourth quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock worth $90,265,000 after purchasing an additional 921,924 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MOS shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Oppenheimer reiterated an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Scotiabank lowered their price objective on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Monday, August 11th. Finally, Zacks Research upgraded shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Stock Performance

Shares of MOS traded up $0.36 during trading hours on Thursday, hitting $33.85. The stock had a trading volume of 1,568,768 shares, compared to its average volume of 5,516,559. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm has a 50-day moving average price of $35.03 and a 200 day moving average price of $31.29. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.55 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

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.