Lincoln Capital Corp Buys New Stake in The Mosaic Company (NYSE:MOS)

Lincoln Capital Corp bought a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the basic materials company's stock, valued at approximately $270,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Mosaic during the fourth quarter worth approximately $97,363,000. Invesco Ltd. lifted its position in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after buying an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after buying an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. acquired a new stake in Mosaic in the 4th quarter valued at $36,231,000. Finally, Covalis Capital LLP purchased a new stake in Mosaic in the 4th quarter worth $27,031,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MOS shares. JPMorgan Chase & Co. increased 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. 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. Wall Street Zen cut Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Royal Bank Of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $30.00 to $40.00 in a report on Thursday, May 8th. Finally, The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Mosaic Trading Down 1.4%

Shares of NYSE MOS traded down $0.53 during trading on Friday, hitting $37.29. 3,075,316 shares of the company were exchanged, compared to its average volume of 4,832,114. The company has a fifty day moving average price of $34.70 and a 200-day moving average price of $29.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The firm has a market capitalization of $11.83 billion, a PE ratio of 32.14, a P/E/G ratio of 2.17 and a beta of 1.12. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.06.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Mosaic's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Company 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.