The Mosaic Company (NYSE:MOS) Position Reduced by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 89.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,305 shares of the basic materials company's stock after selling 109,588 shares during the period. Asset Management One Co. Ltd.'s holdings in Mosaic were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MOS. NBC Securities Inc. purchased a new position in Mosaic in the 1st quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Mosaic in the first quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter valued at $41,000. Ethos Financial Group LLC purchased a new position in shares of Mosaic in the fourth quarter valued at $55,000. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after buying an additional 1,694 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Trading Up 0.8%

NYSE MOS traded up $0.29 during trading hours on Tuesday, hitting $36.77. 5,642,745 shares of the company's stock were exchanged, compared to its average volume of 5,756,211. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The firm has a market capitalization of $11.66 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. The business's 50 day moving average is $33.99 and its 200-day moving average is $28.77. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. As a group, analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MOS. Scotiabank reissued an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $30.00 to $40.00 in a research report on Thursday, May 8th. Piper Sandler restated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. CIBC increased 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, Barclays reissued an "overweight" rating and set a $40.00 price target (up previously from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.58.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

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.