Ballentine Partners LLC Raises Stake in The Mosaic Company (NYSE:MOS)

Ballentine Partners LLC boosted its stake in shares of The Mosaic Company (NYSE:MOS) by 31.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,401 shares of the basic materials company’s stock after buying an additional 1,989 shares during the quarter. Ballentine Partners LLC’s holdings in Mosaic were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MOS. AustralianSuper Pty Ltd grew its stake in Mosaic by 23.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after purchasing an additional 391,191 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Mosaic by 3,212.6% in the fourth quarter. International Assets Investment Management LLC now owns 240,200 shares of the basic materials company’s stock valued at $8,582,000 after acquiring an additional 232,949 shares in the last quarter. Sapient Capital LLC purchased a new stake in Mosaic in the fourth quarter worth about $2,300,000. Oak Thistle LLC grew its holdings in Mosaic by 13.1% during the 4th quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock worth $1,434,000 after acquiring an additional 4,658 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in Mosaic during the 4th quarter worth about $3,337,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Up 0.9 %

NYSE:MOS opened at $29.36 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $26.67 and a twelve month high of $42.81. The company has a market cap of $9.44 billion, a PE ratio of 12.49, a P/E/G ratio of 1.51 and a beta of 1.45. The company’s 50 day moving average is $29.65 and its two-hundred day moving average is $31.61.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the firm earned $1.14 earnings per share. Mosaic’s quarterly revenue was down 25.7% compared to the same quarter last year. Analysts anticipate that The Mosaic Company will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent research reports. Wolfe Research started coverage on shares of Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective on the stock. Mizuho reduced their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Royal Bank of Canada dropped their price objective on Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Scotiabank cut their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 6th. Finally, Piper Sandler decreased their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price of $38.29.

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.