Shell Asset Management Co. Buys 10,364 Shares of The Mosaic Company (NYSE:MOS)

Shell Asset Management Co. increased its position in shares of The Mosaic Company (NYSE:MOS) by 38.2% during the 1st quarter, Holdings Channel reports. The firm owned 37,506 shares of the basic materials company’s stock after acquiring an additional 10,364 shares during the period. Shell Asset Management Co.’s holdings in Mosaic were worth $1,217,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Denali Advisors LLC lifted its stake in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares in the last quarter. Mather Group LLC. purchased a new position in Mosaic during the 1st quarter valued at approximately $40,000. Janiczek Wealth Management LLC increased its stake in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 318 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Mosaic during the 1st quarter worth approximately $50,000. Finally, Quarry LP boosted its position in shares of Mosaic by 342.8% during the 4th quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 1,258 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 0.3 %

MOS stock traded up $0.08 during trading on Friday, hitting $29.38. 357,069 shares of the company’s stock traded hands, compared to its average volume of 4,607,190. The firm has a market capitalization of $9.45 billion, a P/E ratio of 12.47, a PEG ratio of 1.57 and a beta of 1.41. The Mosaic Company has a 1 year low of $26.54 and a 1 year high of $42.81. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $28.98 and a two-hundred day simple moving average of $30.49.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company’s revenue was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. Sell-side analysts anticipate that The Mosaic Company will post 2.59 EPS for the current year.

Wall Street Analyst Weigh In

MOS has been the topic of several research reports. Scotiabank reduced their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Royal Bank of Canada lowered their target price on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Monday, July 15th. Mizuho cut their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Piper Sandler reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Finally, UBS Group dropped their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.60.

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.