The Mosaic Company (NYSE:MOS) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC reduced its position in shares of The Mosaic Company (NYSE:MOS) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,444 shares of the basic materials company’s stock after selling 40,654 shares during the period. Ancora Advisors LLC’s holdings in Mosaic were worth $3,520,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MOS. Vanguard Group Inc. grew its holdings in Mosaic by 5.1% in the first 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 holdings in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock valued at $141,829,000 after purchasing an additional 189,706 shares during the last quarter. Norges Bank purchased a new position in shares of Mosaic during the 4th quarter worth approximately $107,893,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 48,883 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group dropped their price target on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Mizuho decreased their price objective 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. Scotiabank reduced their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Piper Sandler lowered their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Finally, Barclays dropped their target price on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.43.

Mosaic Stock Up 1.6 %

Mosaic stock traded up $0.46 during midday trading on Wednesday, hitting $30.03. 1,635,753 shares of the stock were exchanged, compared to its average volume of 4,565,741. The Mosaic Company has a 52-week low of $26.54 and a 52-week high of $42.81. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. The business’s 50-day moving average price is $28.90 and its 200-day moving average price is $30.35. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.

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 the consensus estimate of $0.66 by ($0.01). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. On average, research analysts expect that The Mosaic Company will post 2.59 EPS for the current fiscal year.

Mosaic Company Profile

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.