Northpointe Capital LLC Takes $3.09 Million Position in Mosaic Co (MOS)

Northpointe Capital LLC bought a new position in shares of Mosaic Co (NYSE:MOS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 113,006 shares of the basic materials company’s stock, valued at approximately $3,086,000.

A number of other institutional investors also recently made changes to their positions in MOS. Private Capital Group LLC boosted its position in shares of Mosaic by 50.8% in the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 405 shares during the period. Berman Capital Advisors LLC acquired a new position in shares of Mosaic in the fourth quarter valued at $39,000. Exane Asset Management acquired a new position in shares of Mosaic in the fourth quarter valued at $72,000. Oregon Public Employees Retirement Fund raised its stake in shares of Mosaic by 3,480.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 4,557,338 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Mosaic in the fourth quarter valued at $166,000. 78.13% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on MOS. Cleveland Research lowered Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, February 6th. Credit Suisse Group restated a “hold” rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, February 4th. Barclays upped their target price on Mosaic from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 27th. Finally, Citigroup dropped their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.80.

Shares of NYSE:MOS traded down $0.28 during midday trading on Thursday, reaching $23.65. The company’s stock had a trading volume of 4,991,931 shares, compared to its average volume of 4,155,207. Mosaic Co has a fifty-two week low of $22.83 and a fifty-two week high of $37.37. The firm has a market cap of $9.88 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.71.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Mosaic Co will post 2.17 EPS for the current fiscal year.

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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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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