Invesco Ltd. Sells 1,070,829 Shares of The Mosaic Company (NYSE:MOS)

Key Points

• Invesco Ltd. reduced its stake in The Mosaic Company by 7.9%, selling over 1 million shares, which left them with approximately $335.9 million worth of stock.
• Recent analyst ratings on Mosaic include an upgraded price target from $35.00 to $37.00 by JPMorgan Chase, with a consensus rating of "Moderate Buy" and a target price of $36.42.
• The Mosaic Company reported a $0.51 earnings per share for the last quarter, missing estimates by $0.20, while revenue saw a year-over-year increase of 6.7%.

Invesco Ltd. reduced its position in The Mosaic Company (NYSE:MOS - Free Report) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,436,302 shares of the basic materials company's stock after selling 1,070,829 shares during the period. Invesco Ltd. owned approximately 3.92% of Mosaic worth $335,905,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares in the last quarter. Northern Trust Corp increased its position in shares of Mosaic by 5.9% during the 4th 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 last quarter. Two Sigma Advisers LP increased its position in shares of Mosaic by 21.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after purchasing an additional 711,300 shares during the last quarter. Deutsche Bank AG increased its position in shares of Mosaic by 33.5% during the 4th quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock valued at $90,265,000 after purchasing an additional 921,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Mosaic by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock valued at $97,113,000 after purchasing an additional 226,856 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have 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 research report on Monday. Wells Fargo & Company decreased their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Oppenheimer reaffirmed an "outperform" rating and set a $43.00 target price (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Finally, Barclays raised their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Price Performance

MOS stock traded down $0.11 during mid-day trading on Thursday, reaching $32.10. 3,416,985 shares of the company traded hands, compared to its average volume of 5,602,704. 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 company has a market capitalization of $10.18 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.51 and a beta of 1.12. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a fifty day moving average price of $35.57 and a 200-day moving average price of $30.95.

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

Insider Activity

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 completion of the sale, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% 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.