Price T Rowe Associates Inc. MD trimmed its stake in The Mosaic Company (NYSE:MOS - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,157,792 shares of the basic materials company's stock after selling 721,154 shares during the period. Price T Rowe Associates Inc. MD owned about 5.41% of Mosaic worth $463,434,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in MOS. Twin Capital Management Inc. grew its holdings in shares of Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock worth $394,000 after purchasing an additional 384 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in shares of Mosaic by 12.0% in the 1st quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 450 shares during the period. Probity Advisors Inc. boosted its position in shares of Mosaic by 6.2% in the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after purchasing an additional 508 shares during the period. Allworth Financial LP grew its stake in 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 buying an additional 537 shares during the last quarter. Finally, Sicart Associates LLC increased its position in Mosaic by 0.6% during the first quarter. Sicart Associates LLC now owns 110,762 shares of the basic materials company's stock worth $2,992,000 after buying an additional 625 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Oppenheimer reiterated an "outperform" rating and set a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lowered their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.
View Our Latest Research Report on MOS
Mosaic Trading Down 0.1%
Mosaic stock traded down $0.04 during trading on Thursday, hitting $33.46. The company's stock had a trading volume of 785,985 shares, compared to its average volume of 5,511,749. The stock's fifty day moving average is $35.03 and its 200 day moving average is $31.29. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.
Mosaic (NYSE:MOS - Get Free Report) last posted 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 business had revenue of $3.01 billion during 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 firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.
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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