State of Michigan Retirement System lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,208 shares of the basic materials company's stock after selling 17,668 shares during the quarter. State of Michigan Retirement System's holdings in Mosaic were worth $2,328,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of Mosaic in the first quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in Mosaic during the 1st quarter valued at approximately $27,000. Allworth Financial LP grew its holdings in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after buying an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic in the 4th quarter worth approximately $41,000. Finally, Huntington National Bank lifted its holdings in shares of Mosaic by 54.1% during the fourth quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after buying an additional 1,185 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on MOS shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a report on Monday. Oppenheimer reiterated an "outperform" rating and set a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Wells Fargo & Company upped their price target on Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Six equities research 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.58.
Read Our Latest Research Report on MOS
Insider Buying and Selling at Mosaic
In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the sale, the senior vice president directly owned 128,546 shares in the company, valued at approximately $4,592,948.58. This trade 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 this link. Company insiders own 0.50% of the company's stock.
Mosaic Price Performance
Shares of NYSE:MOS traded down $0.25 during midday trading on Thursday, reaching $35.27. The company's stock had a trading volume of 5,249,362 shares, compared to its average volume of 4,838,388. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a market capitalization of $11.19 billion, a P/E ratio of 30.40, a P/E/G ratio of 2.07 and a beta of 1.12. 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 business's fifty day simple moving average is $35.72 and its 200-day simple moving average is $29.81.
Mosaic (NYSE:MOS - Get Free Report) last announced its 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 company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $0.65 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.
Mosaic Company Profile
(
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.
Further Reading
Before you consider Mosaic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mosaic wasn't on the list.
While Mosaic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
