The Mosaic Company $MOS Position Cut by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of The Mosaic Company (NYSE:MOS – Free Report) by 38.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 61,852 shares of the basic materials company’s stock after selling 37,864 shares during the quarter. ProShare Advisors LLC’s holdings in Mosaic were worth $1,339,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MOS. California State Teachers Retirement System increased its holdings in shares of Mosaic by 22.2% in the 1st quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after acquiring an additional 66,608 shares during the period. Tejara Capital Ltd acquired a new position in Mosaic during the 2nd quarter valued at about $1,301,000. Bank of America Corp DE boosted its stake in Mosaic by 7.4% during the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock valued at $63,418,000 after purchasing an additional 170,724 shares during the period. Deutsche Bank AG acquired a new position in Mosaic during the 2nd quarter valued at about $73,112,000. Finally, Royal Bank of Canada grew its position in Mosaic by 18.6% in the 1st quarter. Royal Bank of Canada now owns 401,445 shares of the basic materials company’s stock worth $10,237,000 after purchasing an additional 62,883 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock traded down $0.01 during trading hours on Friday, hitting $22.32. 12,307,540 shares of the stock traded hands, compared to its average volume of 10,637,952. The stock has a 50-day simple moving average of $21.72 and a 200 day simple moving average of $23.77. The company has a market cap of $7.09 billion, a P/E ratio of -6.30, a P/E/G ratio of 6.01 and a beta of 0.88. The Mosaic Company has a one year low of $16.99 and a one year high of $32.25. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic (NYSE:MOS – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the company posted $1.29 earnings per share. Mosaic’s revenue was down 10.2% compared to the same quarter last year. Equities analysts forecast that The Mosaic Company will post 0.31 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, December 4th. Mosaic’s payout ratio is presently -24.86%.

Wall Street Analyst Weigh In

MOS has been the topic of several analyst reports. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Mizuho set a $20.00 target price on Mosaic in a research note on Wednesday. Freedom Broker upgraded Mosaic from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research report on Monday, November 2nd. Freedom Capital cut Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Finally, lowered Mosaic from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $27.00 to $25.00 in a report on Monday, October 5th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.68.

Get Our Latest Analysis on Mosaic

Insider Buying and Selling

In related news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Mosaic Company Profile

(Free Report)

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

See Also

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS – Free Report).

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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