Kovitz Investment Group Partners LLC Has $4.29 Million Stock Holdings in The Mosaic Company $MOS

Key Points

• Kovitz Investment Group Partners LLC increased its stake in The Mosaic Company by 295.1%, acquiring an additional 118,642 shares during the first quarter, bringing their total ownership to approximately $4.29 million.
• Several other institutional investors, including Raymond James Financial Inc. and Sterling Capital Management LLC, have also made significant adjustments to their positions in Mosaic, highlighting strong institutional interest with 77.54% of the stock held by institutions.
• Analysts have been optimistic about Mosaic's performance, with multiple upgrades and a consensus rating of "Moderate Buy", reflecting confidence in the company's future potential amidst recent market challenges.

Kovitz Investment Group Partners LLC lifted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 295.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 158,841 shares of the basic materials company's stock after purchasing an additional 118,642 shares during the period. Kovitz Investment Group Partners LLC owned 0.05% of Mosaic worth $4,290,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MOS. NBC Securities Inc. bought a new stake in shares of Mosaic during the first quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Mosaic during the first quarter worth $27,000. Allworth Financial LP grew its holdings in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic in the fourth quarter valued at about $41,000. Finally, Headlands Technologies LLC boosted its holdings in Mosaic by 132.7% in the first quarter. Headlands Technologies LLC now owns 2,634 shares of the basic materials company's stock valued at $71,000 after acquiring an additional 1,502 shares during the last quarter. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent research reports. CIBC raised their price target on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. UBS Group raised their price target on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Oppenheimer reiterated an "outperform" rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Wells Fargo & Company decreased their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Stock Up 0.6%

Shares of NYSE MOS traded up $0.1780 during mid-day trading on Wednesday, reaching $32.4180. 3,590,797 shares of the company's stock were exchanged, compared to its average volume of 5,571,100. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.50 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 business has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $31.08. 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 released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm'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 owned 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

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.