The Mosaic Company (NYSE:MOS) Stock Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of The Mosaic Company (NYSE:MOS) by 89.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,317 shares of the basic materials company’s stock after selling 564,483 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mosaic were worth $1,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Invesco Ltd. boosted its stake in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after purchasing an additional 269,650 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company’s stock valued at $127,119,000 after purchasing an additional 287,493 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company’s stock valued at $98,086,000 after purchasing an additional 711,300 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MOS shares. CIBC increased their target price on Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $40.00 in a report on Thursday, May 8th. Piper Sandler restated a “neutral” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Scotiabank restated an “outperform” rating on shares of Mosaic in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their price objective on Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.58.

Insiders Place Their Bets

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares in the company, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Mosaic Price Performance

NYSE MOS opened at $37.29 on Friday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.06. The stock’s 50-day moving average is $34.70 and its two-hundred day moving average is $29.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The firm has a market cap of $11.83 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. On average, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

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.