Stoneridge Investment Partners LLC Buys New Shares in The Mosaic Company $MOS

Key Points

• Stoneridge Investment Partners LLC has acquired a new stake in The Mosaic Company, purchasing 54,212 shares valued at approximately $1.46 million, making it the 28th largest position in their portfolio.
• The Mosaic Company reported earnings per share (EPS) of $0.51 for the last quarter, which fell short of the consensus estimate of $0.71, while revenue was $3.01 billion, below the expected $3.11 billion.
• Analysts have varying price targets for Mosaic, with UBS Group raising their target to $46.00 and Wells Fargo lowering it to $34.00; the stock has a consensus rating of "Moderate Buy" with a price target of $36.42.

Stoneridge Investment Partners LLC bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,212 shares of the basic materials company's stock, valued at approximately $1,464,000. Mosaic comprises about 1.2% of Stoneridge Investment Partners LLC's portfolio, making the stock its 28th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Mosaic in the first quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new position in Mosaic in the first quarter valued at $27,000. Allworth Financial LP increased its stake in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic in the fourth quarter valued at $41,000. Finally, Summit Securities Group LLC bought a new position in Mosaic in the first quarter valued at $64,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.2%

NYSE MOS opened at $32.2240 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The stock has a market capitalization of $10.23 billion, a PE ratio of 10.92, a PEG ratio of 1.50 and a beta of 1.12. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The business's 50-day moving average is $35.35 and its 200 day moving average is $31.08.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (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 the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group increased their target price on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Wells Fargo & Company reduced their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. CIBC raised their price objective on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Barclays raised their price objective on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.

Insider Activity

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by insiders.

Mosaic 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.

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