Bank of New York Mellon Corp Lowers Holdings in The Mosaic Company (NYSE:MOS)

Bank of New York Mellon Corp reduced its stake in The Mosaic Company (NYSE:MOS - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,894,599 shares of the basic materials company's stock after selling 253,426 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of Mosaic worth $51,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Mosaic by 7.4% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 10,229 shares of the basic materials company's stock valued at $279,000 after acquiring an additional 705 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in Mosaic by 8.7% in the 1st quarter. Catalyst Capital Advisors LLC now owns 59,190 shares of the basic materials company's stock valued at $1,599,000 after acquiring an additional 4,734 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in shares of Mosaic by 2.1% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 461,497 shares of the basic materials company's stock worth $13,097,000 after buying an additional 9,518 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Mosaic in the 1st quarter worth $2,048,000. Finally, Revisor Wealth Management LLC purchased a new position in shares of Mosaic in the 1st quarter worth $667,000. 77.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were 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 of the company's stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Mosaic Trading Up 1.3%

MOS stock traded up $0.48 during mid-day trading on Friday, hitting $36.42. 3,417,530 shares of the company were exchanged, compared to its average volume of 4,839,306. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.55 billion, a P/E ratio of 31.40, a PEG ratio of 2.12 and a beta of 1.12. The business has a fifty day simple moving average of $35.37 and a 200-day simple moving average of $29.53. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm's quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MOS. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $30.00 to $40.00 in a research note on Thursday, May 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. UBS Group increased their price target on shares of Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price objective on shares of Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mosaic currently has an average rating of "Moderate Buy" and a consensus target price of $35.08.

Mosaic Company 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.