Allworth Financial LP Buys 537 Shares of The Mosaic Company (NYSE:MOS)

Allworth Financial LP grew its position in The Mosaic Company (NYSE:MOS) by 102.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,062 shares of the basic materials company’s stock after acquiring an additional 537 shares during the period. Allworth Financial LP’s holdings in Mosaic were worth $31,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Mosaic by 31.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 94,470 shares of the basic materials company’s stock valued at $2,552,000 after buying an additional 22,346 shares during the last quarter. Greenleaf Trust increased its position in Mosaic by 13.3% in the 1st quarter. Greenleaf Trust now owns 15,766 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 1,851 shares during the period. Flossbach Von Storch SE acquired a new position in Mosaic in the 1st quarter valued at approximately $202,000. Hourglass Capital LLC raised its stake in shares of Mosaic by 30.9% during the first quarter. Hourglass Capital LLC now owns 55,100 shares of the basic materials company’s stock valued at $1,488,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Ninety One UK Ltd bought a new position in shares of Mosaic during the first quarter valued at $16,455,000. 77.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Mosaic Price Performance

Shares of MOS opened at $36.22 on Friday. The firm has a market cap of $11.49 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The business’s 50 day moving average price is $35.80 and its two-hundred day moving average price is $29.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business posted $0.65 EPS. Mosaic’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

MOS has been the topic of several analyst reports. Wall Street Zen raised shares of Mosaic from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. BNP Paribas upgraded Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. CIBC increased their price target on Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Piper Sandler restated a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mosaic in a report on Monday. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.58.

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.