Mackay Shields LLC Grows Stake in The Mosaic Company (NYSE:MOS)

Mackay Shields LLC boosted its position in The Mosaic Company (NYSE:MOSGet Rating) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,875 shares of the basic materials company’s stock after purchasing an additional 2,370 shares during the period. Mackay Shields LLC’s holdings in Mosaic were worth $2,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in Mosaic by 7.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 361,533 shares of the basic materials company’s stock valued at $14,424,000 after purchasing an additional 24,207 shares in the last quarter. Macquarie Group Ltd. increased its stake in Mosaic by 7.9% in the 3rd quarter. Macquarie Group Ltd. now owns 120,272 shares of the basic materials company’s stock valued at $4,296,000 after purchasing an additional 8,814 shares in the last quarter. Toronto Dominion Bank increased its stake in Mosaic by 67.9% in the 3rd quarter. Toronto Dominion Bank now owns 444,863 shares of the basic materials company’s stock valued at $15,890,000 after purchasing an additional 179,893 shares in the last quarter. Shell Asset Management Co. increased its stake in Mosaic by 7.5% in the 3rd quarter. Shell Asset Management Co. now owns 19,049 shares of the basic materials company’s stock valued at $680,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Spire Wealth Management increased its stake in Mosaic by 274.1% in the 4th quarter. Spire Wealth Management now owns 20,862 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 15,285 shares in the last quarter. 73.75% of the stock is owned by hedge funds and other institutional investors.

MOS stock opened at $78.15 on Tuesday. The Mosaic Company has a 52-week low of $28.26 and a 52-week high of $79.28. The stock’s fifty day simple moving average is $60.07 and its 200-day simple moving average is $46.54. The company has a quick ratio of 0.54, a current ratio of 1.11 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62.

Mosaic (NYSE:MOSGet Rating) last issued its earnings results on Tuesday, February 22nd. The basic materials company reported $1.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.95. Mosaic had a return on equity of 18.45% and a net margin of 13.19%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 56.3% compared to the same quarter last year. As a group, analysts anticipate that The Mosaic Company will post 12.27 earnings per share for the current fiscal year.

Mosaic declared that its board has approved a stock repurchase plan on Tuesday, February 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP Mark J. Isaacson sold 40,094 shares of Mosaic stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $45.00, for a total value of $1,804,230.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Corrine D. Ricard sold 10,000 shares of Mosaic stock in a transaction on Monday, March 21st. The shares were sold at an average price of $67.00, for a total value of $670,000.00. The disclosure for this sale can be found here. Insiders sold 87,775 shares of company stock worth $5,319,475 in the last quarter. 0.57% of the stock is owned by insiders.

A number of brokerages have commented on MOS. Citigroup increased their target price on Mosaic from $49.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, March 22nd. StockNews.com began coverage on Mosaic in a report on Thursday, March 31st. They set a “buy” rating on the stock. Berenberg Bank cut Mosaic from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Thursday, February 24th. HSBC cut Mosaic from a “buy” rating to a “hold” rating and increased their target price for the company from $50.00 to $57.00 in a report on Monday, March 7th. Finally, BMO Capital Markets upgraded Mosaic from a “market perform” rating to an “outperform” rating and increased their target price for the company from $37.00 to $50.00 in a report on Friday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.31.

Mosaic Company Profile (Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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