The Mosaic Company (NYSE:MOS) Position Reduced by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,444 shares of the basic materials company's stock after selling 174,505 shares during the period. Mackenzie Financial Corp owned approximately 0.24% of Mosaic worth $20,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Mosaic by 36.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock valued at $1,520,000 after purchasing an additional 14,943 shares during the period. Yousif Capital Management LLC raised its stake in Mosaic by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock valued at $1,436,000 after buying an additional 685 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Mosaic in the 1st quarter worth $1,119,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Mosaic by 19.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company's stock worth $1,275,000 after acquiring an additional 7,828 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Mosaic by 12.8% in the first quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company's stock worth $636,000 after acquiring an additional 2,663 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group raised Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 target price on the stock in a research report on Wednesday, July 23rd. Scotiabank reissued an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

Mosaic Stock Down 1.9%

Shares of MOS traded down $0.70 during midday trading on Friday, hitting $35.31. The company had a trading volume of 4,252,931 shares, compared to its average volume of 4,009,220. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company's 50-day simple moving average is $36.13 and its 200-day simple moving average is $30.60. The firm has a market capitalization of $11.20 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company's revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Insider Transactions at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business'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 transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate 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.