33,745 Shares in The Mosaic Company (NYSE:MOS) Bought by CCM Investment Group LLC

CCM Investment Group LLC acquired a new position in The Mosaic Company (NYSE:MOSFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,745 shares of the basic materials company’s stock, valued at approximately $920,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. purchased a new stake in Mosaic during the fourth quarter valued at about $36,231,000. Nuveen LLC purchased a new stake in Mosaic during the first quarter valued at about $33,897,000. Victory Capital Management Inc. raised its position in Mosaic by 606.2% during the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company’s stock valued at $37,526,000 after purchasing an additional 1,192,602 shares in the last quarter. Finally, Covalis Capital LLP purchased a new stake in Mosaic during the fourth quarter valued at about $27,031,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 0.9%

NYSE MOS opened at $31.98 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The stock has a market capitalization of $10.15 billion, a PE ratio of 10.84, a PEG ratio of 1.59 and a beta of 1.12. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The business’s 50-day moving average is $35.86 and its 200 day moving average is $30.91.

Mosaic (NYSE:MOSGet Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

MOS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Mosaic from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Oppenheimer restated an “outperform” rating and set a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Barclays raised their price target on Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Scotiabank restated an “outperform” rating on shares of Mosaic in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mosaic in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Read Our Latest Analysis on MOS

Insider Activity

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president directly owned 128,546 shares of the company’s stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by insiders.

Mosaic Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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