Oakbrook Investments LLC cut its position in Mosaic Co (NYSE:MOS) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,600 shares of the basic materials company’s stock after selling 580 shares during the quarter. Oakbrook Investments LLC’s holdings in Mosaic were worth $841,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Mosaic by 23.0% during the 4th quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock valued at $525,270,000 after acquiring an additional 3,363,282 shares during the period. Boston Partners lifted its position in shares of Mosaic by 21.1% during the 1st quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock valued at $471,118,000 after acquiring an additional 3,007,121 shares during the period. Northern Trust Corp raised its holdings in shares of Mosaic by 6.4% during the 1st quarter. Northern Trust Corp now owns 7,082,416 shares of the basic materials company’s stock worth $193,421,000 after buying an additional 425,882 shares in the last quarter. Norges Bank acquired a new position in shares of Mosaic during the 4th quarter worth $143,363,000. Finally, Geode Capital Management LLC raised its holdings in shares of Mosaic by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 4,848,463 shares of the basic materials company’s stock worth $141,386,000 after buying an additional 440,727 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.
In related news, Director Emery N. Koenig purchased 2,089 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $23.95 per share, with a total value of $50,031.55. Following the completion of the purchase, the director now owns 25,244 shares in the company, valued at approximately $604,593.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Clint Freeland bought 4,250 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the transaction, the chief financial officer now owns 4,250 shares in the company, valued at $100,300. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,339 shares of company stock valued at $414,182. Insiders own 0.51% of the company’s stock.
Shares of MOS stock traded up $0.54 on Tuesday, hitting $24.79. The company had a trading volume of 3,156,124 shares, compared to its average volume of 4,906,186. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.10 and a beta of 1.57. The company’s 50-day moving average price is $23.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic Co has a twelve month low of $20.81 and a twelve month high of $37.37.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. As a group, analysts expect that Mosaic Co will post 1.65 EPS for the current fiscal year.
MOS has been the subject of a number of research analyst reports. Zacks Investment Research cut GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. UBS Group reissued a “hold” rating on shares of easyJet in a report on Monday, April 1st. Cowen reissued a “buy” rating and set a $50.00 price target on shares of Tricida in a report on Tuesday, June 25th. Barclays reissued a “buy” rating on shares of Ultragenyx Pharmaceutical in a report on Thursday, May 9th. Finally, Stifel Nicolaus lowered their price target on Zogenix from $72.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $32.57.
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 International Distribution. 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.
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