National Bank of Canada FI Acquires 83,759 Shares of The Mosaic Company (NYSE:MOS)

National Bank of Canada FI lifted its position in The Mosaic Company (NYSE:MOS - Free Report) by 31.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,021 shares of the basic materials company's stock after buying an additional 83,759 shares during the period. National Bank of Canada FI owned about 0.11% of Mosaic worth $9,427,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MOS. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. acquired a new stake in Mosaic during the 4th quarter worth approximately $36,231,000. Victory Capital Management Inc. lifted its stake in Mosaic by 606.2% in the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after buying an additional 1,192,602 shares in the last quarter. Covalis Capital LLP acquired a new position in shares of Mosaic in the fourth quarter valued at approximately $27,031,000. 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 acquiring an additional 921,924 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value 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. This represents a 12.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MOS has been the topic of several research reports. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Wells Fargo & Company reduced their target price on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. UBS Group upped their target price on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays increased their price objective on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Finally, Scotiabank reduced 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. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

Mosaic Stock Performance

Shares of MOS traded up $0.37 during mid-day trading on Friday, reaching $32.47. The company's stock had a trading volume of 3,387,077 shares, compared to its average volume of 5,588,410. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock has a market cap of $10.30 billion, a P/E ratio of 11.01, a PEG ratio of 1.53 and a beta of 1.12. The business has a 50-day simple moving average of $35.48 and a two-hundred day simple moving average of $30.98. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (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 business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal 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.