Northern Trust Corp Has $126.73 Million Stock Position in The Mosaic Company $MOS

Key Points

• Northern Trust Corp reduced its stake in The Mosaic Company by 9.3%, now owning approximately 1.48% of the company, valued at $126.73 million.
• Several institutional investors updated their positions in Mosaic, with a total of 77.54% of the stock owned by institutions and hedge funds.
• Recent earnings report revealed that Mosaic reported $0.51 EPS, missing estimates, with a revenue of $3.01 billion, reflecting a 6.7% increase year-over-year.

Northern Trust Corp reduced its stake in The Mosaic Company (NYSE:MOS - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,692,063 shares of the basic materials company's stock after selling 479,579 shares during the quarter. Northern Trust Corp owned about 1.48% of Mosaic worth $126,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Mosaic in the first quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Mosaic in the first quarter worth approximately $27,000. Allworth Financial LP lifted its stake in shares of Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares during the period. Heck Capital Advisors LLC bought a new stake in Mosaic in the fourth quarter worth approximately $41,000. Finally, Summit Securities Group LLC bought a new stake in Mosaic in the first quarter worth approximately $64,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction that occurred 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 in the company, 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 SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MOS has been the subject of a number of research analyst reports. Scotiabank lowered their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Trading Down 0.4%

NYSE MOS opened at $32.4920 on Friday. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.52 and a beta of 1.12. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The business has a 50 day moving average price of $35.20 and a 200-day moving average price of $31.16. The company has a quick ratio of 0.44, a current ratio of 1.14 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 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts expect that The Mosaic Company will post 2.04 earnings per share 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.

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