Bank of New York Mellon Corp Lowers Holdings in The Mosaic Company $MOS

Bank of New York Mellon Corp reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,111,009 shares of the basic materials company’s stock after selling 3,590,601 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mosaic were worth $99,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares in the last quarter. United Services Automobile Association purchased a new position in Mosaic during the first quarter valued at $201,000. Empowered Funds LLC increased its holdings in Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 34,151 shares during the last quarter. Woodline Partners LP lifted its stake in Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after purchasing an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Mosaic from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Berenberg Bank dropped their price target on Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Wolfe Research cut their price target on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Weiss Ratings downgraded Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.47.

Mosaic Stock Up 0.1%

Shares of NYSE:MOS opened at $22.27 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 12 month low of $20.89 and a 12 month high of $38.23. The company has a 50-day moving average price of $23.77 and a 200 day moving average price of $25.47. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 171.31, a PEG ratio of 2.63 and a beta of 0.79.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that The Mosaic Company will post 0.83 earnings per share for the current year.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.