The Mosaic Company (NYSE:MOS) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 25.3% during the first quarter, Holdings Channel reports. The firm owned 399,210 shares of the basic materials company’s stock after acquiring an additional 80,634 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mosaic were worth $12,958,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Janiczek Wealth Management LLC raised its holdings in shares of Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Mosaic by 14.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 327 shares during the period. Denali Advisors LLC raised its holdings in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Uncommon Cents Investing LLC raised its holdings in shares of Mosaic by 3.2% during the first quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 415 shares during the period. Finally, Wahed Invest LLC raised its holdings in shares of Mosaic by 8.6% during the fourth quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 445 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays dropped their target price on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. UBS Group lowered their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Piper Sandler lowered their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Scotiabank lowered their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. Finally, Mizuho lowered their price target on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $37.60.

Mosaic Price Performance

NYSE MOS traded down $0.46 on Friday, reaching $29.37. The company’s stock had a trading volume of 789,155 shares, compared to its average volume of 4,685,139. The firm’s 50 day moving average is $29.06 and its two-hundred day moving average is $30.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market cap of $9.45 billion, a PE ratio of 12.65, a PEG ratio of 1.69 and a beta of 1.41. The Mosaic Company has a twelve month low of $26.54 and a twelve month high of $42.81.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share. As a group, sell-side analysts predict that The Mosaic Company will post 2.59 EPS for the current 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.