The Mosaic Company (NYSE:MOS) Holdings Cut by M&T Bank Corp

M&T Bank Corp trimmed its stake in The Mosaic Company (NYSE:MOS) by 3.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,432 shares of the basic materials company’s stock after selling 862 shares during the quarter. M&T Bank Corp’s holdings in Mosaic were worth $579,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Mosaic during the fourth quarter valued at about $1,054,000. Raymond James Financial Inc. bought a new stake in shares of Mosaic during the fourth quarter valued at about $3,599,000. Natixis Advisors LLC raised its stake in shares of Mosaic by 65.9% during the fourth quarter. Natixis Advisors LLC now owns 18,506 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 7,352 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Mosaic during the fourth quarter valued at about $2,832,000. Finally, Cibc World Markets Corp raised its stake in shares of Mosaic by 296.5% during the fourth quarter. Cibc World Markets Corp now owns 172,178 shares of the basic materials company’s stock valued at $4,232,000 after purchasing an additional 128,749 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mosaic in a report on Monday. BNP Paribas raised Mosaic to a “strong-buy” rating in a research note on Wednesday, April 9th. CIBC upped their target price on Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Piper Sandler reiterated a “neutral” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. Finally, UBS Group increased their price objective on Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Six research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were 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 directly owned 128,546 shares of the company’s stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Mosaic Price Performance

Mosaic stock opened at $35.91 on Wednesday. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $35.59 and its 200 day simple moving average is $29.70. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings results 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. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $0.65 earnings per share. Mosaic’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

About Mosaic

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.