Kingsview Wealth Management LLC Buys Shares of 54,700 The Mosaic Company (NYSE:MOS)

Kingsview Wealth Management LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 54,700 shares of the basic materials company's stock, valued at approximately $1,776,000.

Several other large investors have also recently added to or reduced their stakes in MOS. American Century Companies Inc. increased its position in Mosaic by 19.8% in the 3rd quarter. American Century Companies Inc. now owns 312,592 shares of the basic materials company's stock valued at $11,128,000 after acquiring an additional 51,701 shares during the period. Nordea Investment Management AB increased its position in Mosaic by 5.2% in the 4th quarter. Nordea Investment Management AB now owns 28,619 shares of the basic materials company's stock valued at $1,021,000 after acquiring an additional 1,422 shares during the period. AustralianSuper Pty Ltd increased its position in Mosaic by 23.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company's stock valued at $74,431,000 after acquiring an additional 391,191 shares during the period. CVA Family Office LLC acquired a new position in shares of Mosaic during the 4th quarter valued at $79,000. Finally, Pacer Advisors Inc. increased its position in shares of Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company's stock valued at $136,641,000 after purchasing an additional 186,337 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MOS shares. Royal Bank of Canada lowered their price target on Mosaic from $32.00 to $30.00 and set a "sector perform" rating on the stock in a research report on Monday. Scotiabank lowered their price target on Mosaic from $40.00 to $38.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 6th. Piper Sandler lowered their price target on Mosaic from $29.00 to $28.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 11th. UBS Group lowered their price target on Mosaic from $33.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Finally, Mizuho decreased their target price on Mosaic from $34.00 to $33.00 and set a "neutral" rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mosaic presently has an average rating of "Hold" and an average target price of $37.60.

Mosaic Stock Down 0.6 %

Shares of Mosaic stock traded down $0.19 during midday trading on Friday, hitting $29.64. The company's stock had a trading volume of 2,599,761 shares, compared to its average volume of 4,698,650. The firm has a market capitalization of $9.53 billion, a P/E ratio of 12.61, a PEG ratio of 1.69 and a beta of 1.41. The stock has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $30.69. 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 Mosaic Company has a 1-year low of $26.54 and a 1-year high of $42.81.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business's quarterly revenue was down 25.7% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. As a group, sell-side analysts expect that The Mosaic Company will post 2.59 earnings per share for the current year.

About Mosaic

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.