Gabelli Funds LLC Trims Stock Position in The Mosaic Company (NYSE:MOS)

Gabelli Funds LLC cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,500 shares of the basic materials company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in Mosaic were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MOS. Denali Advisors LLC raised its holdings in shares of Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Mather Group LLC. purchased a new position in shares of Mosaic in the 1st quarter worth about $40,000. Fidelis Capital Partners LLC purchased a new position in shares of Mosaic in the 1st quarter worth about $50,000. Janiczek Wealth Management LLC raised its holdings in shares of Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the period. Finally, Quarry LP raised its holdings in shares of Mosaic by 342.8% in the 4th quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,258 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group cut their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Scotiabank lowered their price objective on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. Barclays reduced their target price on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Royal Bank of Canada lowered their price target on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Monday, July 15th. Finally, Mizuho cut their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.43.

Mosaic Stock Up 0.9 %

Shares of Mosaic stock traded up $0.27 on Friday, hitting $29.57. 2,132,207 shares of the company’s stock traded hands, compared to its average volume of 3,458,278. The stock has a market cap of $9.51 billion, a P/E ratio of 12.58, a PEG ratio of 1.63 and a beta of 1.41. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average is $28.95 and its 200 day moving average is $30.42. The Mosaic Company has a 52-week low of $26.54 and a 52-week high of $42.81.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was down 25.7% compared to the same quarter last year. Equities analysts anticipate that The Mosaic Company will post 2.59 earnings per share 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.