Northern Trust Corp Lowers Stake 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 trimmed its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 1.48% of Mosaic worth $126,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MOS. NBC Securities Inc. bought a new stake in shares of Mosaic in the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the 1st quarter worth about $27,000. Allworth Financial LP raised its position in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares during the period. Heck Capital Advisors LLC bought a new stake in Mosaic in the fourth quarter worth about $41,000. Finally, Summit Securities Group LLC purchased a new position in shares of Mosaic during the first quarter valued at approximately $64,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.5%

Shares of MOS stock traded down $0.15 during mid-day trading on Thursday, hitting $33.34. The stock had a trading volume of 613,528 shares, compared to its average volume of 5,510,458. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm's 50-day moving average is $35.03 and its two-hundred day moving average is $31.29. The firm has a market capitalization of $10.58 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations 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 quarter in the prior year, the business posted $0.54 EPS. On average, analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MOS. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Oppenheimer restated an "outperform" rating and set a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. UBS Group increased their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Scotiabank lowered their target price 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, August 11th. Finally, Barclays upped their price target on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.