Stoneridge Investment Partners LLC Raises Position in Mosaic Company (The) (NYSE:MOS)

Stoneridge Investment Partners LLC raised its stake in shares of Mosaic Company (The) (NYSE:MOS) by 100.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,308 shares of the basic materials company’s stock after buying an additional 79,261 shares during the period. Stoneridge Investment Partners LLC’s holdings in Mosaic Company (The) were worth $3,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MOS. Anderson Hoagland & Co. acquired a new position in Mosaic Company (The) during the first quarter valued at approximately $1,219,000. DnB Asset Management AS raised its position in Mosaic Company (The) by 46.1% in the first quarter. DnB Asset Management AS now owns 45,010 shares of the basic materials company’s stock valued at $1,313,000 after buying an additional 14,200 shares during the period. Jolley Asset Management LLC raised its position in Mosaic Company (The) by 1.9% in the first quarter. Jolley Asset Management LLC now owns 152,072 shares of the basic materials company’s stock valued at $4,437,000 after buying an additional 2,904 shares during the period. Torch Wealth Management LLC raised its position in Mosaic Company (The) by 27.9% in the first quarter. Torch Wealth Management LLC now owns 23,375 shares of the basic materials company’s stock valued at $682,000 after buying an additional 5,100 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Mosaic Company (The) during the first quarter valued at approximately $406,000. 82.40% of the stock is owned by institutional investors and hedge funds.

Shares of Mosaic Company (NYSE:MOS) opened at 21.26 on Thursday. The company has a market capitalization of $7.46 billion, a P/E ratio of 50.62 and a beta of 1.24. Mosaic Company has a 52-week low of $21.14 and a 52-week high of $34.36. The firm’s 50 day moving average is $23.19 and its 200-day moving average is $26.55.

Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

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Several research firms have recently commented on MOS. Credit Suisse Group set a $20.00 price target on shares of Mosaic Company (The) and gave the company a “sell” rating in a report on Saturday, April 15th. Royal Bank Of Canada decreased their price target on shares of Mosaic Company (The) from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Mosaic Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub lowered shares of Mosaic Company (The) from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 price target on shares of Mosaic Company (The) in a report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.36.

In other news, Director Nancy E. Cooper sold 1,100 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total value of $25,729.00. Following the sale, the director now owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Mosaic Company (The) Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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Institutional Ownership by Quarter for Mosaic Company (The) (NYSE:MOS)

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