Exxonmobil Investment Management Inc. TX lowered its position in shares of Mosaic Co (NYSE:MOS) by 4.1% during the first quarter, Holdings Channel reports. The fund owned 77,766 shares of the basic materials company’s stock after selling 3,303 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Mosaic were worth $2,269,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in Mosaic by 26.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,291 shares of the basic materials company’s stock worth $1,223,000 after buying an additional 6,321 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Mosaic by 5.8% in the third quarter. Nikko Asset Management Americas Inc. now owns 880,029 shares of the basic materials company’s stock worth $21,517,000 after buying an additional 48,600 shares during the last quarter. GW Henssler & Associates Ltd. increased its position in Mosaic by 12.2% in the third quarter. GW Henssler & Associates Ltd. now owns 158,651 shares of the basic materials company’s stock worth $3,881,000 after buying an additional 17,288 shares during the last quarter. S&CO Inc. increased its position in Mosaic by 25.9% in the third quarter. S&CO Inc. now owns 753,354 shares of the basic materials company’s stock worth $18,427,000 after buying an additional 154,749 shares during the last quarter. Finally, Stoneridge Investment Partners LLC increased its position in Mosaic by 3.6% in the third quarter. Stoneridge Investment Partners LLC now owns 81,219 shares of the basic materials company’s stock worth $1,987,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 88.87% of the company’s stock.
Shares of Mosaic Co (NYSE:MOS) opened at 27.10 on Friday. The firm’s 50-day moving average is $28.81 and its 200 day moving average is $28.78. The firm has a market capitalization of $9.49 billion, a P/E ratio of 31.88 and a beta of 1.29. Mosaic Co has a one year low of $22.77 and a one year high of $34.36.
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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. Mosaic had a return on equity of 2.81% and a net margin of 4.16%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $0.44 EPS. Mosaic’s revenue for the quarter was down 13.9% compared to the same quarter last year. Equities research analysts predict that Mosaic Co will post $1.07 earnings per share for the current year.
A number of research analysts have issued reports on the stock. Barclays PLC set a $25.00 target price on shares of Mosaic and gave the company a “sell” rating in a research report on Tuesday, February 14th. Credit Suisse Group AG upped their target price on shares of Mosaic from $19.00 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, January 25th. BMO Capital Markets restated a “hold” rating and set a $23.00 target price on shares of Mosaic in a research report on Wednesday, February 8th. Cowen and Company upgraded shares of Mosaic from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 24th. Finally, Sanford C. Bernstein restated an “overweight” rating on shares of Mosaic in a research report on Friday, December 23rd. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Mosaic currently has an average rating of “Hold” and an average price target of $25.54.
In related news, Director Emery N. Koenig purchased 3,000 shares of Mosaic stock in a transaction that occurred on Friday, February 10th. The shares were acquired at an average cost of $32.35 per share, for a total transaction of $97,050.00. Following the transaction, the director now directly owns 16,609 shares in the company, valued at $537,301.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.
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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