Wellington Management Group LLP Cuts Stock Position in The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP reduced its stake in The Mosaic Company (NYSE:MOS - Free Report) by 41.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 332,232 shares of the basic materials company's stock after selling 239,153 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Mosaic worth $8,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MOS. R Squared Ltd purchased a new position in Mosaic during the 4th quarter worth $33,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Mosaic by 22.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,684 shares of the basic materials company's stock worth $2,082,000 after buying an additional 15,496 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Mosaic by 9.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,944 shares of the basic materials company's stock worth $392,000 after buying an additional 1,369 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Mosaic by 6.1% in the 4th quarter. Yousif Capital Management LLC now owns 52,487 shares of the basic materials company's stock worth $1,290,000 after buying an additional 3,010 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Mosaic by 12.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company's stock worth $1,548,000 after buying an additional 7,282 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

Mosaic stock traded down $1.60 during midday trading on Friday, hitting $34.80. 11,022,767 shares of the company's stock were exchanged, compared to its average volume of 4,758,426. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69. The stock has a 50-day moving average price of $30.73 and a two-hundred day moving average price of $27.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a market cap of $11.04 billion, a P/E ratio of 30.80, a PEG ratio of 1.42 and a beta of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the business earned $0.65 EPS. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is presently 75.86%.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 128,546 shares of the company's stock, valued at $4,592,948.58. This represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MOS has been the topic of a number of research analyst reports. UBS Group boosted 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. CIBC upped 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. Wells Fargo & Company upped their price objective on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Finally, Royal Bank of Canada raised shares of Mosaic from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $30.00 to $40.00 in a report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $34.58.

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.