Ontario Teachers Pension Plan Board Raises Holdings in The Mosaic Company (NYSE:MOS)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in The Mosaic Company by 32.3% during the first quarter, now holding a total of 56,108 shares valued at approximately $1.5 million.
• Several institutional investors, including NBC Securities and Compagnie Lombard Odier, have recently acquired new positions in Mosaic, collectively raising institutional ownership to 77.54%.
• Analysts have positive outlooks for Mosaic, with multiple firms raising their price targets, including Oppenheimer and UBS Group, reflecting a consensus rating of Moderate Buy with an average target price of $36.50.

Ontario Teachers Pension Plan Board grew its stake in The Mosaic Company (NYSE:MOS - Free Report) by 32.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 56,108 shares of the basic materials company's stock after buying an additional 13,688 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Mosaic were worth $1,515,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Mosaic during the 1st quarter worth $27,000. Allworth Financial LP lifted its position in shares of Mosaic by 102.3% during 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 last quarter. Heck Capital Advisors LLC acquired a new position in shares of Mosaic during the fourth quarter worth $41,000. Finally, CVA Family Office LLC increased its holdings in Mosaic by 114.0% in the first quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company's stock valued at $99,000 after buying an additional 1,944 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Mosaic Trading Up 2.5%

Shares of Mosaic stock opened at $31.71 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The company has a market capitalization of $10.06 billion, a P/E ratio of 10.75, a PEG ratio of 1.40 and a beta of 1.12. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company's fifty day moving average is $35.95 and its two-hundred day moving average is $30.84.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%. Mosaic's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Oppenheimer reaffirmed an "outperform" rating and set a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. UBS Group boosted their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. Barclays upped their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Scotiabank reissued an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.50.

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.

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