Bank of New York Mellon Corp Reduces Position in The Mosaic Company (NYSE:MOS)

Bank of New York Mellon Corp lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 11.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,894,599 shares of the basic materials company’s stock after selling 253,426 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of Mosaic worth $51,173,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MOS. NBC Securities Inc. purchased a new stake in Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic during the first quarter worth $27,000. Heck Capital Advisors LLC purchased a new stake in Mosaic during the fourth quarter worth $41,000. Huntington National Bank boosted its holdings in Mosaic by 54.1% during the fourth quarter. Huntington National Bank now owns 3,374 shares of the basic materials company’s stock worth $83,000 after buying an additional 1,185 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in Mosaic by 114.0% during the first quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company’s stock worth $99,000 after buying an additional 1,944 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 1.3%

Shares of MOS opened at $36.42 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The firm has a 50-day moving average price of $35.37 and a 200 day moving average price of $29.53. The firm has a market capitalization of $11.55 billion, a P/E ratio of 31.40, a P/E/G ratio of 2.12 and a beta of 1.12.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Mosaic’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research analyst reports. BNP Paribas upgraded shares of Mosaic to a “strong-buy” rating in a research report on Wednesday, April 9th. UBS Group upped their price objective on shares of Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Barclays upped their price objective on shares of Mosaic from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Wall Street Zen upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Saturday, July 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

Insider Activity

In related news, SVP Walter F. Precourt III sold 18,000 shares of the company’s 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 completion of the sale, the senior vice president owned 128,546 shares of the company’s stock, valued at approximately $4,592,948.58. This 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 link. Corporate insiders own 0.50% of the company’s stock.

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.