Wellington Management Group LLP Reduces Holdings in The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP lessened its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,232 shares of the basic materials company's stock after selling 239,153 shares during the quarter. Wellington Management Group LLP owned about 0.10% of Mosaic worth $8,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Intellectus Partners LLC raised its stake in Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Mosaic by 0.5% during the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after acquiring an additional 471 shares in the last quarter. Probity Advisors Inc. increased its holdings in shares of Mosaic by 6.2% during the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 508 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock valued at $799,000 after purchasing an additional 570 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in Mosaic by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock worth $220,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president now owns 128,546 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Mosaic Stock Performance

Mosaic stock traded down $0.43 during midday trading on Thursday, hitting $36.40. 6,215,177 shares of the company were exchanged, compared to its average volume of 4,717,561. The business has a fifty day simple moving average of $30.39 and a two-hundred day simple moving average of $27.57. 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 firm has a market capitalization of $11.55 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.42%. Mosaic's payout ratio is 75.86%.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent analyst reports. Scotiabank restated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $30.00 to $40.00 in a research note on Thursday, May 8th. CIBC boosted their price target on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, UBS Group increased their price objective on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Company 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.