Raiffeisen Bank International AG Lowers Stake in The Mosaic Company (NYSE:MOS)

Key Points

• Raiffeisen Bank International AG reduced its stake in The Mosaic Company by 90.4%, now holding only 3,577 shares valued at $97,000.
• Several hedge funds, including NBC Securities Inc. and CVA Family Office LLC, have recently adjusted their positions in Mosaic, indicating significant investor interest in the stock.
• Despite a missed earnings estimate of $0.51 EPS, Mosaic's revenue for the quarter was reported at $3.01 billion, up 6.7% year-over-year.

Raiffeisen Bank International AG trimmed its stake in The Mosaic Company (NYSE:MOS - Free Report) by 90.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,577 shares of the basic materials company's stock after selling 33,596 shares during the period. Raiffeisen Bank International AG's holdings in Mosaic were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MOS. NBC Securities Inc. purchased a new position in shares of Mosaic in the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new position in Mosaic during the 1st quarter worth $27,000. Allworth Financial LP grew its position 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 purchasing an additional 537 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Mosaic during the 4th quarter worth $41,000. Finally, CVA Family Office LLC grew its position in Mosaic by 114.0% during the 1st quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company's stock worth $99,000 after purchasing an additional 1,944 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of NYSE MOS traded up $0.30 during midday trading on Friday, hitting $31.98. The company had a trading volume of 5,399,900 shares, compared to its average volume of 5,022,006. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The business has a 50-day simple moving average of $35.86 and a two-hundred day simple moving average of $30.87. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data 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). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. UBS Group raised their price objective on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Oppenheimer reissued an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Finally, CIBC raised their price objective on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mosaic currently has an average rating of "Moderate Buy" and an average target price of $36.50.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated 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 transaction, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

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.