Resona Asset Management Co. Ltd. Reduces Holdings in The Mosaic Company $MOS

Resona Asset Management Co. Ltd. lowered its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 96.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,064 shares of the basic materials company's stock after selling 92,779 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Mosaic were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Twin Capital Management Inc. raised its position in Mosaic by 2.7% in the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after purchasing an additional 384 shares during the period. Strengthening Families & Communities LLC raised its position in Mosaic by 12.0% in the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 450 shares during the period. Probity Advisors Inc. raised its position in Mosaic by 6.2% in the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after purchasing an additional 508 shares during the period. Allworth Financial LP raised its position in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 537 shares during the period. Finally, United Capital Financial Advisors LLC raised its position in Mosaic by 7.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 592 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MOS shares. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. UBS Group upped their price objective on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Scotiabank cut their price objective on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. CIBC upped their price objective on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company cut their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Mosaic Stock Up 0.6%

NYSE:MOS traded up $0.1850 during trading hours on Thursday, hitting $32.6350. The company's stock had a trading volume of 1,981,248 shares, compared to its average volume of 5,547,803. The stock has a market capitalization of $10.36 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The stock has a fifty day moving average of $35.31 and a 200-day moving average of $31.09. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

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

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.