Sumitomo Mitsui Asset Management Company LTD lowered its position in Mosaic Company (The) (NYSE:MOS) by 12.8% during the second quarter, Holdings Channel reports. The fund owned 25,018 shares of the basic materials company’s stock after selling 3,658 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Mosaic Company (The) were worth $571,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MOS. Turner Investments LLC purchased a new stake in shares of Mosaic Company (The) during the first quarter worth about $158,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Mosaic Company (The) by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock worth $175,000 after buying an additional 5,393 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Mosaic Company (The) by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock worth $198,000 after buying an additional 234 shares during the last quarter. CrestPoint Capital Management LLC purchased a new stake in shares of Mosaic Company (The) during the second quarter worth about $208,000. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Mosaic Company (The) during the first quarter worth about $211,000. Institutional investors and hedge funds own 82.40% of the company’s stock.

Shares of Mosaic Company (MOS) opened at 21.26 on Thursday. Mosaic Company has a one year low of $21.14 and a one year high of $34.36. The stock has a 50 day moving average price of $23.19 and a 200-day moving average price of $26.55. The company has a market capitalization of $7.46 billion, a P/E ratio of 50.62 and a beta of 1.24.

Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm posted $0.06 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $24.00 target price (down previously from $27.00) on shares of Mosaic Company (The) in a report on Tuesday. Zacks Investment Research cut Mosaic Company (The) from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets set a $26.00 target price on Mosaic Company (The) and gave the stock a “hold” rating in a report on Saturday, May 6th. Royal Bank Of Canada decreased their target price on Mosaic Company (The) from $25.00 to $23.00 and set a “sector perform” rating for the company in a report on Wednesday, August 2nd. Finally, Citigroup Inc. reduced their price target on Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Mosaic Company (The) has an average rating of “Hold” and a consensus target price of $25.36.

In related news, Director Nancy E. Cooper sold 1,100 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total transaction of $25,729.00. Following the completion of the sale, the director now directly owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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Institutional Ownership by Quarter for Mosaic Company (The) (NYSE:MOS)

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