International Assets Investment Management LLC Has $200,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

International Assets Investment Management LLC trimmed its position in The Mosaic Company (NYSE:MOS) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,180 shares of the basic materials company’s stock after selling 543 shares during the quarter. International Assets Investment Management LLC’s holdings in Mosaic were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd grew its holdings in Mosaic by 23.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after buying an additional 391,191 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Mosaic during the 4th quarter valued at $2,300,000. Oak Thistle LLC lifted its position in shares of Mosaic by 13.1% during the 4th quarter. Oak Thistle LLC now owns 40,136 shares of the basic materials company’s stock valued at $1,434,000 after acquiring an additional 4,658 shares during the period. Mawer Investment Management Ltd. bought a new stake in shares of Mosaic during the 4th quarter valued at $3,337,000. Finally, Alberta Investment Management Corp lifted its position in shares of Mosaic by 263.7% during the 4th quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock valued at $806,000 after acquiring an additional 16,350 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MOS. Mizuho cut their target price on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Piper Sandler cut their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Royal Bank of Canada dropped their price objective on Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Scotiabank dropped their price objective on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. Finally, Barclays dropped their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $38.29.

Mosaic Price Performance

Mosaic stock opened at $29.59 on Thursday. 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 company has a market capitalization of $9.52 billion, a PE ratio of 12.59, a P/E/G ratio of 1.57 and a beta of 1.45. The Mosaic Company has a 12 month low of $26.67 and a 12 month high of $42.81. The stock has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $31.59.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. Analysts expect that The Mosaic Company will post 2.67 EPS for the current year.

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.