Janney Montgomery Scott LLC grew its position in The Mosaic Company (NYSE:MOS) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,231 shares of the basic materials company’s stock after buying an additional 351 shares during the period. Janney Montgomery Scott LLC’s holdings in The Mosaic were worth $640,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MOS. Meritage Portfolio Management purchased a new position in shares of The Mosaic in the 1st quarter valued at approximately $6,345,000. California Public Employees Retirement System raised its position in shares of The Mosaic by 6.1% in the 4th quarter. California Public Employees Retirement System now owns 885,802 shares of the basic materials company’s stock valued at $20,382,000 after purchasing an additional 51,067 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of The Mosaic in the 4th quarter valued at approximately $14,370,000. Nwam LLC raised its position in shares of The Mosaic by 8.8% in the 4th quarter. Nwam LLC now owns 185,390 shares of the basic materials company’s stock valued at $4,266,000 after purchasing an additional 15,020 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of The Mosaic by 1.1% in the 4th quarter. Rhumbline Advisers now owns 632,812 shares of the basic materials company’s stock valued at $14,561,000 after purchasing an additional 6,757 shares during the last quarter. Institutional investors and hedge funds own 69.82% of the company’s stock.
Several brokerages recently commented on MOS. VTB Capital lowered shares of The Mosaic to a “sell” rating and set a $32.00 price objective for the company. in a research report on Friday, April 30th. JPMorgan Chase & Co. raised their price target on shares of The Mosaic from $34.00 to $40.00 in a research report on Friday, February 19th. TheStreet raised shares of The Mosaic from a “c” rating to a “b-” rating in a research report on Tuesday, March 2nd. Zacks Investment Research lowered shares of The Mosaic from a “strong-buy” rating to a “hold” rating and set a $34.00 price target for the company. in a research report on Wednesday, April 21st. Finally, Credit Suisse Group raised their price target on shares of The Mosaic from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.31.
The Mosaic stock opened at $36.47 on Wednesday. The company’s fifty day moving average price is $33.76 and its 200 day moving average price is $27.68. The Mosaic Company has a 1 year low of $10.51 and a 1 year high of $38.23. The stock has a market capitalization of $13.85 billion, a P/E ratio of -12.71, a P/E/G ratio of 2.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.72 and a current ratio of 1.31.
The Mosaic (NYSE:MOS) last released its quarterly earnings results on Sunday, May 2nd. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business posted ($0.06) EPS. The Mosaic’s revenue was up 27.8% compared to the same quarter last year. Sell-side analysts predict that The Mosaic Company will post 0.47 EPS for the current year.
The 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.
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