The Mosaic Company (NYSE:MOS) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 1,815.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,682,108 shares of the basic materials company’s stock after purchasing an additional 10,124,427 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Mosaic were worth $346,743,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MOS. Denali Advisors LLC grew its holdings in shares of 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 acquiring an additional 414 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Mosaic in the first quarter worth approximately $40,000. Janiczek Wealth Management LLC raised its holdings in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Mosaic in the 1st quarter valued at approximately $50,000. Finally, Quarry LP boosted its stake in Mosaic by 342.8% in the 4th quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,258 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on MOS shares. Royal Bank of Canada decreased their target price on Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Monday, July 15th. Barclays decreased their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Scotiabank dropped their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a report on Monday, May 6th. UBS Group decreased their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Mizuho dropped their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.43.

Mosaic Stock Up 0.9 %

Shares of MOS traded up $0.27 during trading hours on Friday, hitting $29.57. 2,132,207 shares of the company were exchanged, compared to its average volume of 3,458,278. The firm’s 50 day moving average is $28.95 and its 200-day moving average is $30.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The Mosaic Company has a 52 week low of $26.54 and a 52 week high of $42.81. The company has a market cap of $9.51 billion, a PE ratio of 12.58, a PEG ratio of 1.63 and a beta of 1.41.

Mosaic (NYSE:MOS) last announced its 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). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down 25.7% compared to the same quarter last year. On average, equities research analysts forecast that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Mosaic 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.