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

Bank of New York Mellon Corp lifted its stake in The Mosaic Company (NYSE:MOS) by 0.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,136,118 shares of the basic materials company’s stock after purchasing an additional 25,109 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mosaic were worth $105,471,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MOS. Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% during the first 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. CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic in the second quarter valued at $31,000. SJS Investment Consulting Inc. grew its stake in shares of Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock valued at $32,000 after buying an additional 525 shares in the last quarter. Gen Wealth Partners Inc purchased a new stake in shares of Mosaic in the 4th quarter valued at $32,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Mosaic in the 2nd quarter valued at $34,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, June 19th. Weiss Ratings lowered shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Mizuho dropped their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, UBS Group cut their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $27.11.

Mosaic Stock Up 1.2%

Shares of NYSE:MOS opened at $22.40 on Tuesday. The firm’s 50 day moving average price is $22.11 and its 200 day moving average price is $24.93. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 172.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $37.53. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last issued its earnings results 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business posted $0.49 EPS. Mosaic’s revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that The Mosaic Company will post 0.83 earnings per share for the current fiscal 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.