Pacer Advisors Inc. decreased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 43.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,505 shares of the basic materials company's stock after selling 32,302 shares during the period. Pacer Advisors Inc.'s holdings in Mosaic were worth $1,121,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Mosaic in the first quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Mosaic in the first quarter worth about $27,000. Allworth Financial LP grew its holdings 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 purchasing an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter worth about $41,000. Finally, Huntington National Bank grew its holdings in shares of Mosaic by 54.1% in the fourth quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after purchasing an additional 1,185 shares during the last quarter. Institutional investors own 77.54% of the company's stock.
Mosaic Stock Performance
NYSE MOS traded down $0.70 on Friday, hitting $35.31. 4,252,931 shares of the company's stock traded hands, compared to its average volume of 4,009,220. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The firm's 50-day moving average price is $36.13 and its two-hundred day moving average price is $30.60. The firm has a market capitalization of $11.20 billion, a PE ratio of 19.79, a P/E/G ratio of 1.63 and a beta of 1.12.
Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the business posted $0.65 EPS. The business's revenue was down 2.2% compared to the same quarter last year. As a group, analysts expect that The Mosaic Company will post 2.04 EPS for the current year.
Insider Activity
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 shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president directly 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 document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. CIBC increased their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Scotiabank reiterated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.75.
Read Our Latest Report on Mosaic
About Mosaic
(
Free Report)
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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