ANTIPODES PARTNERS Ltd Buys 2,409 Shares of The Mosaic Company (NYSE:MOS)

ANTIPODES PARTNERS Ltd grew its holdings in The Mosaic Company (NYSE:MOS) by 76.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,575 shares of the basic materials company’s stock after purchasing an additional 2,409 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Mosaic were worth $151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in Mosaic by 36.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company’s stock worth $1,520,000 after acquiring an additional 14,943 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Mosaic by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company’s stock valued at $1,436,000 after purchasing an additional 685 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Mosaic in the 1st quarter valued at about $1,119,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mosaic by 19.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock valued at $1,275,000 after purchasing an additional 7,828 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Mosaic by 0.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 116,101 shares of the basic materials company’s stock valued at $3,136,000 after buying an additional 868 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MOS shares. Wells Fargo & Company increased their price objective on Mosaic from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Piper Sandler reiterated a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. JPMorgan Chase & Co. upped their target price on shares of Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. CIBC upped their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mosaic in a research note on Monday, July 14th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Mosaic Stock Performance

Shares of NYSE MOS traded down $0.19 during mid-day trading on Thursday, hitting $37.00. The company had a trading volume of 642,083 shares, compared to its average volume of 5,555,523. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.62 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $35.95 and its 200-day moving average price is $30.13. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The firm 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 company posted $0.65 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the sale, the senior vice president 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 is accessible through this link. Company insiders own 0.50% of the company’s stock.

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.