Bank of New York Mellon Corp Purchases 25,109 Shares of The Mosaic Company $MOS

Bank of New York Mellon Corp grew its holdings in The Mosaic Company (NYSE:MOS) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,136,118 shares of the basic materials company’s stock after purchasing an additional 25,109 shares during the period. Bank of New York Mellon Corp owned about 1.30% of Mosaic worth $105,471,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MOS. Wedge Capital Management L L P NC lifted its holdings in shares of Mosaic by 87.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after purchasing an additional 175,914 shares during the period. Assenagon Asset Management S.A. acquired a new position in Mosaic in the 4th quarter worth approximately $1,302,000. Thompson Siegel & Walmsley LLC raised its position in Mosaic by 35.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock worth $71,746,000 after buying an additional 785,057 shares during the last quarter. Vanguard Group Inc. raised its position in Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Mosaic by 764.2% during the 4th quarter. SG Americas Securities LLC now owns 734,482 shares of the basic materials company’s stock valued at $17,694,000 after acquiring an additional 649,490 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

Shares of NYSE MOS opened at $22.40 on Tuesday. The firm has a 50-day simple moving average of $22.11 and a 200-day simple moving average of $24.93. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The stock has a market capitalization 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 52 week low of $19.80 and a 52 week high of $37.53.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOS. HSBC cut their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Mizuho lowered their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. BNP Paribas Exane cut their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. BMO Capital Markets reduced their price objective on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Weiss Ratings cut Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.11.

Mosaic Company Profile

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.