Ninety One UK Ltd Makes New Investment in The Mosaic Company (NYSE:MOS)

Ninety One UK Ltd acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 609,214 shares of the basic materials company's stock, valued at approximately $16,455,000. Ninety One UK Ltd owned about 0.19% of Mosaic at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MOS. Norges Bank bought a new stake in Mosaic in the 4th quarter worth approximately $97,363,000. Invesco Ltd. increased its stake in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after acquiring an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after acquiring an additional 2,151,426 shares during the last quarter. Criteria Caixa S.A.U. bought a new stake in Mosaic in the 4th quarter worth approximately $36,231,000. Finally, Covalis Capital LLP bought a new stake in Mosaic in the 4th quarter worth approximately $27,031,000. Institutional investors own 77.54% of the company's stock.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business'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 transaction, the senior vice president owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MOS shares. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. UBS Group boosted their target price on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, BNP Paribas raised Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Mosaic Trading Up 0.1%

MOS traded up $0.04 during trading hours on Wednesday, reaching $37.35. 3,837,718 shares of the company's stock traded hands, compared to its average volume of 4,823,131. The firm has a 50-day moving average price of $35.00 and a 200 day moving average price of $29.27. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.85 billion, a PE ratio of 32.20, a PEG ratio of 2.20 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Mosaic's revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic 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.