The Mosaic Company (NYSE:MOS) Position Lessened by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,442 shares of the basic materials company’s stock after selling 2,348 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mosaic were worth $1,378,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC increased its stake in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Mosaic by 14.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 327 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Mosaic by 3.2% during the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 415 shares in the last quarter. Wahed Invest LLC raised its stake in Mosaic by 8.6% during the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 445 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Mosaic by 10.9% in the fourth quarter. Parallel Advisors LLC now owns 4,570 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 450 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Mosaic Stock Performance

NYSE MOS traded down $0.91 during midday trading on Thursday, hitting $28.86. The company had a trading volume of 2,415,942 shares, compared to its average volume of 4,559,437. The firm has a fifty day simple moving average of $28.86 and a two-hundred day simple moving average of $30.35. The Mosaic Company has a fifty-two week low of $26.54 and a fifty-two week high of $42.81. 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 stock has a market cap of $9.28 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.63 and a beta of 1.41.

Mosaic (NYSE:MOS) last issued its quarterly earnings results 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 net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The company’s revenue was down 25.7% on a year-over-year basis. Equities analysts forecast that The Mosaic Company will post 2.59 earnings per share for the current fiscal 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.