Ontario Teachers Pension Plan Board Has $2.48 Million Stock Holdings in The Mosaic Company (NYSE:MOS)

Ontario Teachers Pension Plan Board increased its holdings in shares of The Mosaic Company (NYSE:MOS) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,523 shares of the basic materials company’s stock after buying an additional 7,088 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mosaic were worth $2,484,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Janiczek Wealth Management LLC raised its holdings in Mosaic by 28.0% during 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 last quarter. AdvisorNet Financial Inc raised its holdings in Mosaic by 14.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 327 shares during the last quarter. Denali Advisors LLC raised its holdings in Mosaic by 100.5% during 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 last quarter. Uncommon Cents Investing LLC raised its holdings 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 during the last quarter. Finally, Wahed Invest LLC raised its holdings in Mosaic by 8.6% during the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 445 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Down 0.8 %

MOS traded down $0.25 during mid-day trading on Monday, reaching $29.39. 2,238,058 shares of the stock were exchanged, compared to its average volume of 4,680,952. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market capitalization of $9.45 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. The company has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $30.61. The Mosaic Company has a 1 year low of $26.54 and a 1 year high of $42.81.

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

Wall Street Analysts Forecast Growth

MOS has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Royal Bank of Canada lowered their price objective 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. Barclays lowered their price objective on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. 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 note on Monday, May 6th. Finally, UBS Group lowered their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $37.60.

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 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.