Anderson Hoagland & Co. bought a new position in Mosaic Co (NYSE:MOS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,772 shares of the basic materials company’s stock, valued at approximately $1,219,000.
A number of other hedge funds also recently bought and sold shares of the company. Morgan Stanley raised its stake in Mosaic by 232.6% in the third quarter. Morgan Stanley now owns 5,836,923 shares of the basic materials company’s stock worth $142,772,000 after buying an additional 4,082,006 shares in the last quarter. Capital World Investors bought a new stake in Mosaic during the third quarter worth $78,272,000. State Street Corp raised its stake in Mosaic by 6.6% in the fourth quarter. State Street Corp now owns 19,523,172 shares of the basic materials company’s stock worth $572,615,000 after buying an additional 1,206,478 shares in the last quarter. BlackRock Group LTD raised its stake in Mosaic by 25.5% in the third quarter. BlackRock Group LTD now owns 4,663,437 shares of the basic materials company’s stock worth $114,066,000 after buying an additional 946,380 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Mosaic by 92.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,803,635 shares of the basic materials company’s stock worth $44,117,000 after buying an additional 868,269 shares in the last quarter. Institutional investors own 88.87% of the company’s stock.
Shares of Mosaic Co (NYSE:MOS) traded up 1.01% during trading on Thursday, reaching $27.10. The company had a trading volume of 3,551,638 shares. The firm has a 50-day moving average of $28.92 and a 200 day moving average of $28.79. The firm has a market capitalization of $9.49 billion, a PE ratio of 31.88 and a beta of 1.29. Mosaic Co has a 1-year low of $22.77 and a 1-year high of $34.36.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The firm earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Mosaic had a net margin of 4.16% and a return on equity of 2.81%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Analysts expect that Mosaic Co will post $1.07 earnings per share for the current year.
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A number of analysts have weighed in on MOS shares. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, March 21st. Cowen and Company upgraded Mosaic from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 24th. Credit Suisse Group AG upped their target price on Mosaic from $19.00 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, January 25th. Barclays PLC set a $25.00 target price on Mosaic and gave the stock a “sell” rating in a report on Tuesday, February 14th. Finally, Citigroup Inc lowered their target price on Mosaic from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, April 11th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. Mosaic presently has an average rating of “Hold” and an average price target of $25.54.
In other news, Director Emery N. Koenig purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was purchased at an average cost of $32.35 per share, with a total value of $97,050.00. Following the completion of the acquisition, the director now directly owns 16,609 shares of the company’s stock, valued at approximately $537,301.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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