The Mosaic Company $MOS Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its stake in The Mosaic Company by 583.1% during the first quarter, acquiring over 853,862 shares to own approximately 0.32% of the company valued at $27 million.
• Several institutional investors, including Boston Partners and Victory Capital Management, significantly boosted their holdings in Mosaic, reflecting a total of 77.54% of the stock currently owned by institutional entities.
• Mosaic's earnings report showed a missed EPS estimate of $0.51 compared to the consensus estimate of $0.71, with reported revenue of $3.01 billion against an estimate of $3.11 billion, indicating 6.7% revenue growth year-over-year.

Raymond James Financial Inc. boosted its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 583.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,000,298 shares of the basic materials company's stock after acquiring an additional 853,862 shares during the quarter. Raymond James Financial Inc. owned about 0.32% of Mosaic worth $27,018,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Ethic Inc. raised its position in Mosaic by 93.8% in the first quarter. Ethic Inc. now owns 24,773 shares of the basic materials company's stock worth $664,000 after acquiring an additional 11,992 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in Mosaic in the first quarter worth $5,212,000. Dimensional Fund Advisors LP raised its position in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock worth $310,549,000 after acquiring an additional 456,327 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Mosaic by 295.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 158,841 shares of the basic materials company's stock worth $4,290,000 after acquiring an additional 118,642 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in Mosaic in the first quarter worth $108,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Price Performance

Shares of MOS traded up $0.47 during trading hours on Thursday, reaching $33.96. 3,124,675 shares of the company traded hands, compared to its average volume of 5,526,427. 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 stock has a market capitalization of $10.78 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The stock has a fifty day simple moving average of $35.03 and a 200 day simple moving average of $31.29.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. UBS Group raised their price target on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Scotiabank dropped their price target on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research report on Monday, August 11th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Finally, Barclays raised their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and a consensus target price of $36.42.

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.