The Mosaic Company (NYSE:MOS) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC cut its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 62.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,340 shares of the basic materials company's stock after selling 25,181 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Mosaic were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MOS. NBC Securities Inc. purchased a new stake in shares of Mosaic during the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new position in Mosaic in the 1st quarter worth about $27,000. Heck Capital Advisors LLC purchased a new position in Mosaic during the fourth quarter worth approximately $41,000. Ethos Financial Group LLC acquired a new stake in Mosaic in the fourth quarter valued at approximately $55,000. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of Mosaic by 115.1% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after buying an additional 1,694 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MOS shares. CIBC increased 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. BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Oppenheimer increased their price target on Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their price objective on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mosaic currently has an average rating of "Moderate Buy" and an average target price of $34.58.

Mosaic Stock Performance

Shares of Mosaic stock traded up $1.07 during trading hours on Wednesday, hitting $37.85. 3,981,331 shares of the company were exchanged, compared to its average volume of 4,816,540. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $34.17 and a 200-day moving average of $28.83. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.04. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.13 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the company's 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 transaction, the senior vice president directly owned 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

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.