The Mosaic Company $MOS Shares Bought by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC significantly increased its stake in The Mosaic Company by 581.6% during the first quarter, owning approximately 573,329 shares valued at $15,486,000.
• Several hedge funds, including Boston Partners and Victory Capital Management, also expanded their holdings in Mosaic, with total institutional ownership now at 77.54%.
• Wall Street analysts remain mixed on Mosaic, with ratings ranging from "Strong Buy" to "Hold," while the current average price target is $36.42 per share.

MetLife Investment Management LLC raised its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 581.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 573,329 shares of the basic materials company's stock after buying an additional 489,219 shares during the period. MetLife Investment Management LLC owned approximately 0.18% of Mosaic worth $15,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. Raymond James Financial Inc. purchased a new position in Mosaic in the 4th quarter valued at approximately $3,599,000. Adage Capital Partners GP L.L.C. boosted its position in Mosaic by 65.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 496,820 shares of the basic materials company's stock valued at $12,212,000 after buying an additional 196,500 shares during the period. Integrated Wealth Concepts LLC boosted its position in Mosaic by 21.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,208 shares of the basic materials company's stock valued at $226,000 after buying an additional 1,600 shares during the period. Boothbay Fund Management LLC purchased a new position in Mosaic in the 4th quarter valued at approximately $271,000. Finally, Northern Trust Corp raised its holdings in shares of Mosaic by 5.9% in the 4th quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after purchasing an additional 287,493 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 1.4%

NYSE:MOS traded up $0.47 during midday trading on Thursday, hitting $33.96. 3,124,675 shares of the company were exchanged, compared to its average volume of 5,482,682. 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 company has a market capitalization of $10.78 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a fifty day simple moving average of $34.99 and a 200 day simple moving average of $31.33.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, equities analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Oppenheimer restated an "outperform" rating and issued a $43.00 price objective (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Zacks Research upgraded shares of Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. CIBC raised their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.42.

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.