Bank of New York Mellon Corp Acquires Shares of 2,703,415 The Mosaic Company $MOS

Bank of New York Mellon Corp bought a new position in The Mosaic Company (NYSE:MOS) during the second quarter, Holdings Channel.com reports. The institutional investor bought 2,703,415 shares of the basic materials company’s stock, valued at approximately $57,285,000.

A number of other large investors have also made changes to their positions in MOS. Thompson Siegel & Walmsley LLC lifted its position in shares of Mosaic by 35.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock worth $71,746,000 after purchasing an additional 785,057 shares in the last quarter. California State Teachers Retirement System boosted its position in 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 valued at $9,345,000 after buying an additional 66,608 shares during the period. Vanguard Group Inc. boosted its holdings in Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after purchasing an additional 461,524 shares during the period. Bank of America Corp DE boosted its holdings in Mosaic by 7.4% in the first 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. Finally, Assenagon Asset Management S.A. grew its stake in Mosaic by 214.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 166,069 shares of the basic materials company’s stock worth $3,519,000 after purchasing an additional 113,334 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Walter F. Precourt III sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. The trade was a 16.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Mosaic Stock Down 0.2%

MOS stock opened at $24.21 on Thursday. The company has a fifty day moving average price of $22.33 and a 200 day moving average price of $24.15. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The company has a market cap of $7.70 billion, a price-to-earnings ratio of -11.99, a price-to-earnings-growth ratio of 4.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. Mosaic’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. Sell-side analysts expect that The Mosaic Company will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. HSBC reduced their price target on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. Scotiabank restated an “outperform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. Barclays decreased their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Berenberg Bank lowered their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, Mizuho set a $25.00 price target on Mosaic in a report on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.17.

About Mosaic

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.