Lincoln Capital Corp Takes $270,000 Position in The Mosaic Company (NYSE:MOS)

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

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

Mosaic Price Performance

NYSE:MOS opened at $36.49 on Tuesday. The business's 50-day moving average price is $33.99 and its 200 day moving average price is $28.77. The firm has a market cap of $11.58 billion, a P/E ratio of 31.46, a PEG ratio of 2.06 and a beta of 1.14. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. Mosaic's revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, sell-side analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic 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 transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. The trade was 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 at the SEC website. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. CIBC increased their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Royal Bank Of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Oppenheimer increased their target price on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Barclays reaffirmed an "overweight" rating and issued a $40.00 target price (up from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.58.

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.

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