The Mosaic Company $MOS Shares Sold by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board reduced its stake in The Mosaic Company by 67.9%, holding 84,903 shares worth approximately $2.29 million after selling 179,755 shares in the first quarter.
• Mosaic reported $0.51 earnings per share (EPS), missing analysts' expectations of $0.71 EPS, with revenues of $3.01 billion compared to the consensus estimate of $3.11 billion, though revenue was up 6.7% year-over-year.
• Analysts have generally upgraded their ratings on Mosaic; Barclays raised its target price to $46.00 while Zacks moved the stock from "hold" to "strong-buy," reflecting positive sentiment among research firms.

Public Sector Pension Investment Board reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 67.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,903 shares of the basic materials company's stock after selling 179,755 shares during the period. Public Sector Pension Investment Board's holdings in Mosaic were worth $2,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOS. NBC Securities Inc. acquired a new stake in Mosaic during the first quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Mosaic during the first quarter worth about $27,000. Allworth Financial LP increased its position in Mosaic by 102.3% during 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 purchased a new stake in Mosaic in the 4th quarter valued at about $41,000. Finally, Headlands Technologies LLC raised its holdings in Mosaic by 132.7% in the 1st quarter. Headlands Technologies LLC now owns 2,634 shares of the basic materials company's stock valued at $71,000 after buying an additional 1,502 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Scotiabank reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a report on Monday, August 11th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. CIBC boosted their target price on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Stock Down 0.4%

Shares of MOS stock traded down $0.1180 during trading on Friday, reaching $32.4920. The company's stock had a trading volume of 3,294,593 shares, compared to its average volume of 5,326,575. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock's 50-day moving average price is $35.20 and its 200 day moving average price is $31.18. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS - Get Free Report) last issued 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 business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. On average, research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Insider Activity at Mosaic

In other Mosaic 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 owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Mosaic Company 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.