Northpointe Capital LLC Takes Position in Mosaic Co (MOS)

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Northpointe Capital LLC acquired a new position in shares of Mosaic Co (NYSE:MOS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,006 shares of the basic materials company’s stock, valued at approximately $3,086,000.

A number of other large investors also recently bought and sold shares of MOS. Norges Bank acquired a new position in Mosaic during the fourth quarter worth $143,363,000. Boston Partners raised its position in Mosaic by 51.1% during the fourth quarter. Boston Partners now owns 14,243,641 shares of the basic materials company’s stock worth $416,057,000 after acquiring an additional 4,814,199 shares during the period. Oregon Public Employees Retirement Fund raised its position in Mosaic by 3,480.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock worth $161,000 after acquiring an additional 4,557,338 shares during the period. FMR LLC raised its position in Mosaic by 23.0% during the fourth quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock worth $525,270,000 after acquiring an additional 3,363,282 shares during the period. Finally, Millennium Management LLC raised its position in Mosaic by 439.3% during the fourth quarter. Millennium Management LLC now owns 3,744,249 shares of the basic materials company’s stock worth $109,370,000 after acquiring an additional 3,049,952 shares during the period. Institutional investors own 78.40% of the company’s stock.

Shares of Mosaic stock traded up $0.16 during trading hours on Wednesday, reaching $27.00. 57,586 shares of the company’s stock were exchanged, compared to its average volume of 3,654,918. Mosaic Co has a 1 year low of $25.09 and a 1 year high of $37.37. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.64 and a beta of 1.46. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.42.

Mosaic (NYSE:MOS) last released its earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.20. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm earned ($1.23) earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts anticipate that Mosaic Co will post 2.32 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. Citigroup cut shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $27.50 in a research report on Friday, March 29th. Zacks Investment Research lowered shares of Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Barclays upped their target price on shares of Mosaic from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 27th. ValuEngine lowered shares of Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Cleveland Research lowered shares of Mosaic from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Mosaic presently has a consensus rating of “Hold” and an average price target of $35.53.

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About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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