QRG Capital Management Inc. Acquires New Position in The Mosaic Company (NYSE:MOS)

QRG Capital Management Inc. acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,473 shares of the basic materials company's stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Mosaic in the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the first quarter worth $27,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the 4th quarter worth approximately $41,000. Ethos Financial Group LLC purchased a new stake in shares of Mosaic in the 4th quarter worth about $55,000. Finally, ANTIPODES PARTNERS Ltd grew its holdings in Mosaic by 115.1% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after purchasing an additional 1,694 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Down 0.2%

Shares of MOS traded down $0.07 during mid-day trading on Wednesday, reaching $35.47. The company's stock had a trading volume of 3,971,925 shares, compared to its average volume of 4,814,238. 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 12-month low of $22.36 and a 12-month high of $37.69. The stock has a market cap of $11.25 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The company's 50 day moving average is $33.32 and its 200 day moving average is $28.50.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm's revenue was down 2.2% on a year-over-year basis. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Piper Sandler restated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target on the stock. Scotiabank restated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Finally, Oppenheimer increased their target price on shares of Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 128,546 shares in the company, valued at $4,592,948.58. This represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

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.