Xponance Inc. Sells 23,817 Shares of The Mosaic Company (NYSE:MOS)

Xponance Inc. lessened its position in The Mosaic Company (NYSE:MOS - Free Report) by 46.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,646 shares of the basic materials company's stock after selling 23,817 shares during the period. Xponance Inc.'s holdings in Mosaic were worth $747,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after acquiring an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after purchasing an additional 2,151,426 shares during the last quarter. Geode Capital Management LLC boosted its position in Mosaic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after purchasing an additional 269,650 shares during the period. Northern Trust Corp boosted its position in Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after purchasing an additional 287,493 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after purchasing an additional 711,300 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOS has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a report on Monday. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. UBS Group boosted their price target on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.58.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Mosaic Price Performance

Shares of MOS stock traded up $0.95 on Friday, hitting $36.22. 4,523,015 shares of the company's stock were exchanged, compared to its average volume of 4,837,132. The company has a 50 day moving average of $35.72 and a 200 day moving average of $29.81. The stock has a market cap of $11.49 billion, a P/E ratio of 31.22, a price-to-earnings-growth 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 Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping 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 firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

About Mosaic

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.