Principal Financial Group Inc. Has $10.22 Million Holdings in The Mosaic Company (NYSE:MOS)

Principal Financial Group Inc. lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 378,291 shares of the basic materials company's stock after selling 17,829 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Mosaic worth $10,218,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MOS. NBC Securities Inc. acquired a new position in shares of Mosaic in the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the 1st quarter valued at $27,000. Heck Capital Advisors LLC purchased a new position in Mosaic during the fourth quarter worth about $41,000. Huntington National Bank raised its holdings in Mosaic by 54.1% in the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock valued at $83,000 after buying an additional 1,185 shares during the period. Finally, CVA Family Office LLC boosted its position in shares of Mosaic by 114.0% during the first quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company's stock worth $99,000 after buying an additional 1,944 shares during the period. Institutional investors own 77.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Oppenheimer boosted their target price on Mosaic from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. Finally, CIBC upped their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.33.

Mosaic Stock Down 0.4%

Shares of MOS stock traded down $0.14 on Tuesday, hitting $35.91. 4,052,259 shares of the stock were exchanged, compared to its average volume of 4,836,381. The business has a 50-day moving average of $35.59 and a 200 day moving average of $29.70. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm has a market capitalization of $11.39 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly 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. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $0.65 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president owned 128,546 shares of the company's stock, valued at $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

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.