Oppenheimer & Co. Inc. Makes New Investment in The Mosaic Company (NYSE:MOS)

Oppenheimer & Co. Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,421 shares of the basic materials company's stock, valued at approximately $1,119,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Mosaic by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after purchasing an additional 150,186 shares during the period. Yousif Capital Management LLC boosted its position in Mosaic by 1.3% during the first quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock worth $1,436,000 after purchasing an additional 685 shares during the period. Proficio Capital Partners LLC bought a new position in Mosaic during the fourth quarter worth about $1,054,000. Jones Financial Companies Lllp boosted its position in Mosaic by 59.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company's stock worth $189,000 after purchasing an additional 2,867 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Mosaic by 0.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 116,101 shares of the basic materials company's stock worth $3,136,000 after purchasing an additional 868 shares during the period. Institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

MOS has been the subject of a number of analyst reports. Scotiabank restated an "outperform" rating on shares of Mosaic in a research report on Wednesday, May 14th. Wall Street Zen lowered shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price objective for the company. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $30.00 to $40.00 in a research report on Thursday, May 8th. Finally, BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mosaic has an average rating of "Moderate Buy" and a consensus price target of $34.58.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president now directly owns 128,546 shares of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

Mosaic Trading Up 0.4%

Shares of MOS opened at $35.32 on Friday. The firm's 50 day simple moving average is $33.81 and its 200 day simple moving average is $28.69. The company has a market capitalization of $11.20 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Sell-side analysts forecast 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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