Bank of New York Mellon Corp Takes Position in The Mosaic Company $MOS

Key Points

• Bank of New York Mellon acquired 2.7 million Mosaic shares worth approximately $57.3 million, representing about 0.85% of the company. Institutional investors collectively own 77.54% of MOS.
• Mosaic reported quarterly earnings of $0.13 per share, slightly above estimates, but revenue fell 6% year over year to $2.82 billion and missed expectations. The company posted a negative net margin of 5.21%.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $27.17 versus the stock’s $24.21 opening price. An executive also sold 23,000 shares for about $508,760.

Bank of New York Mellon Corp acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,703,415 shares of the basic materials company's stock, valued at approximately $57,285,000. Bank of New York Mellon Corp owned about 0.85% of Mosaic at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MOS. Geneos Wealth Management Inc. raised its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after buying an additional 601 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic during the second quarter valued at approximately $31,000. SJS Investment Consulting Inc. grew its stake in shares of Mosaic by 72.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after buying an additional 525 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in shares of Mosaic during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in Mosaic in the 2nd quarter valued at $34,000. 77.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 23,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares of the company's stock, valued at approximately $2,570,299.76. This trade represents a 16.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Mosaic Stock Down 0.2%

Shares of MOS opened at $24.21 on Thursday. The stock's 50 day moving average is $22.33 and its two-hundred day moving average is $24.15. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The firm has a market cap of $7.70 billion, a P/E ratio of -11.99, a PEG ratio of 4.39 and a beta of 0.82. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Analysts predict that The Mosaic Company will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce set a $25.00 price target on shares of Mosaic in a research note on Tuesday, May 12th. Scotiabank reissued an "outperform" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Tuesday, May 19th. Morgan Stanley lowered their price target on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 30th. The Goldman Sachs Group dropped their price objective on Mosaic from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company cut their price target on shares of Mosaic from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.17.

Mosaic Profile

Mosaic Co is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. The company's primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source