The Mosaic Company $MOS Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of The Mosaic Company (NYSE:MOS) by 100.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,806,663 shares of the basic materials company’s stock after purchasing an additional 1,912,064 shares during the period. Bank of New York Mellon Corp owned 1.20% of Mosaic worth $138,867,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its position in shares of Mosaic by 204.1% in the second quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock valued at $1,572,000 after purchasing an additional 28,912 shares during the period. HB Wealth Management LLC bought a new stake in shares of Mosaic during the 2nd quarter worth $252,000. South Dakota Investment Council grew its stake in Mosaic by 81.1% in the 1st quarter. South Dakota Investment Council now owns 70,142 shares of the basic materials company’s stock valued at $1,895,000 after buying an additional 31,417 shares during the last quarter. Trexquant Investment LP bought a new position in Mosaic in the 1st quarter worth $1,248,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Mosaic during the 2nd quarter worth $290,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS stock opened at $24.86 on Friday. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a market capitalization of $7.89 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.94 and a beta of 1.00. The stock has a 50 day moving average of $31.87 and a two-hundred day moving average of $33.47. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Mosaic’s revenue was up 22.8% on a year-over-year basis. As a group, equities analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is 22.80%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MOS shares. CIBC decreased their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday. Oppenheimer set a $40.00 target price on Mosaic in a report on Wednesday, October 22nd. Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group reduced their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Mizuho set a $34.00 price objective on shares of Mosaic in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.