APG Asset Management N.V. Lowers Stock Holdings in The Mosaic Company $MOS

Key Points

• APG Asset Management N.V. has decreased its stake in The Mosaic Company by 12.1%, now holding approximately 208,254 shares, worth $5.2 million as of its latest filing.
• Several institutional investors have adjusted their positions, with Schonfeld Strategic Advisors LLC increasing its holdings by a remarkable 985.1% during the fourth quarter.
• Mosaic's recent earnings report showed $0.51 EPS, missing estimates by $0.20, alongside a revenue of $3.01 billion, which was below analysts' expectations of $3.11 billion.

APG Asset Management N.V. reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,254 shares of the basic materials company's stock after selling 28,697 shares during the period. APG Asset Management N.V. owned about 0.07% of Mosaic worth $5,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MOS. MetLife Investment Management LLC boosted its position in shares of Mosaic by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 84,110 shares of the basic materials company's stock worth $2,067,000 after buying an additional 1,239 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Mosaic by 21.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 9,208 shares of the basic materials company's stock valued at $226,000 after purchasing an additional 1,600 shares during the period. Boothbay Fund Management LLC purchased a new position in Mosaic in the fourth quarter valued at $271,000. Northern Trust Corp boosted its holdings in Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after purchasing an additional 287,493 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Mosaic by 985.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 955,804 shares of the basic materials company's stock valued at $23,494,000 after purchasing an additional 867,722 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.5%

Mosaic stock opened at $33.30 on Wednesday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The stock has a market cap of $10.57 billion, a PE ratio of 11.29, a P/E/G ratio of 1.54 and a beta of 1.12. The stock's fifty day moving average is $35.09 and its two-hundred day moving average is $31.27.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm's quarterly revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank decreased their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a report on Monday, August 11th. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.42.

Mosaic 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.

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