Mitsubishi UFJ Asset Management Co. Ltd. Lowers Stock Position in The Mosaic Company (NYSE:MOS)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. has decreased its stake in The Mosaic Company by 42.1%, now holding approximately 0.09% of the company worth $7,856,000.
• Several hedge funds have modified their positions in Mosaic, with Cambridge Investment Research Advisors boosting its stake by 36.1% during the same quarter.
• Mosaic reported $0.51 earnings per share for the last quarter, missing analyst expectations of $0.71, while its revenue reached $3.01 billion, below estimates of $3.11 billion.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 42.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 290,870 shares of the basic materials company's stock after selling 211,560 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Mosaic worth $7,856,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Mosaic in the fourth quarter worth about $3,599,000. Treasurer of the State of North Carolina grew its position in shares of Mosaic by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 140,676 shares of the basic materials company's stock worth $3,458,000 after buying an additional 880 shares during the period. Sterling Capital Management LLC grew its position in shares of Mosaic by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 19,115 shares of the basic materials company's stock worth $470,000 after buying an additional 6,919 shares during the period. Mariner LLC grew its position in shares of Mosaic by 12.9% during the 4th quarter. Mariner LLC now owns 52,757 shares of the basic materials company's stock worth $1,297,000 after buying an additional 6,027 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Mosaic during the fourth quarter valued at approximately $206,000. 77.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. CIBC boosted their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. upped their price target on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group increased their price objective on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Trading Up 1.3%

NYSE MOS traded up $0.42 during trading hours on Friday, reaching $32.52. The company's stock had a trading volume of 1,694,505 shares, compared to its average volume of 5,576,782. The firm has a fifty day simple moving average of $35.48 and a 200-day simple moving average of $30.98. The stock has a market cap of $10.32 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.53 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 debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

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

Insider Activity

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

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.