The Mosaic Company (NYSE:MOS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in The Mosaic Company (NYSE:MOS) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,575,037 shares of the basic materials company’s stock after selling 497,685 shares during the period. Bank of New York Mellon Corp owned approximately 0.80% of Mosaic worth $74,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Mosaic by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock worth $141,829,000 after acquiring an additional 189,706 shares in the last quarter. Norges Bank acquired a new position in Mosaic during the 4th quarter worth about $107,893,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mosaic by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,963,682 shares of the basic materials company’s stock worth $70,162,000 after acquiring an additional 48,883 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MOS. Scotiabank decreased their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company decreased their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. UBS Group decreased their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Barclays cut their price target on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.33.

Insider Activity

In other news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Mosaic Stock Down 0.1 %

Mosaic stock opened at $28.63 on Friday. The Mosaic Company has a twelve month low of $26.09 and a twelve month high of $40.67. The stock has a 50 day moving average of $28.31 and a two-hundred day moving average of $29.82. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.59 and a beta of 1.41.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. As a group, research analysts expect that The Mosaic Company will post 2.59 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 2.93%. Mosaic’s dividend payout ratio is currently 35.74%.

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.