Ameriprise Financial Inc. Reduces Position in Mosaic Company (The) (MOS)

Ameriprise Financial Inc. reduced its stake in shares of Mosaic Company (The) (NYSE:MOS) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,896 shares of the basic materials company’s stock after selling 38,937 shares during the period. Ameriprise Financial Inc. owned 0.09% of Mosaic Company (The) worth $7,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC grew its position in Mosaic Company (The) by 5.0% during the first quarter. Neuberger Berman Group LLC now owns 55,865 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 2,654 shares in the last quarter. OppenheimerFunds Inc. grew its position in Mosaic Company (The) by 7.8% during the first quarter. OppenheimerFunds Inc. now owns 31,489 shares of the basic materials company’s stock worth $919,000 after buying an additional 2,268 shares in the last quarter. Principal Financial Group Inc. grew its position in Mosaic Company (The) by 1.0% during the first quarter. Principal Financial Group Inc. now owns 530,281 shares of the basic materials company’s stock worth $15,474,000 after buying an additional 5,270 shares in the last quarter. Wellington Management Group LLP grew its position in Mosaic Company (The) by 157.5% during the first quarter. Wellington Management Group LLP now owns 388,089 shares of the basic materials company’s stock worth $11,324,000 after buying an additional 237,377 shares in the last quarter. Finally, FMR LLC grew its position in Mosaic Company (The) by 171.9% during the first quarter. FMR LLC now owns 5,108,486 shares of the basic materials company’s stock worth $149,066,000 after buying an additional 3,229,860 shares in the last quarter. Institutional investors own 77.10% of the company’s stock.

In related news, Director Robert L. Lumpkins acquired 7,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $19.94 per share, for a total transaction of $139,580.00. Following the acquisition, the director now owns 9,339 shares of the company’s stock, valued at $186,219.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Mosaic Company (MOS) opened at 21.16 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 50.38 and a beta of 1.29. Mosaic Company has a 52 week low of $19.23 and a 52 week high of $34.36. The company has a 50-day moving average of $21.02 and a 200-day moving average of $22.66.

Mosaic Company (The) (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Mosaic Company will post $0.71 earnings per share for the current fiscal year.

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MOS has been the topic of a number of recent research reports. HSBC Holdings plc initiated coverage on Mosaic Company (The) in a report on Wednesday, October 11th. They set a “buy” rating and a $24.80 price objective on the stock. Morgan Stanley decreased their price objective on Mosaic Company (The) from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Mosaic Company (The) in a report on Friday, July 14th. Zacks Investment Research raised Mosaic Company (The) from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $26.00 target price on shares of Mosaic Company (The) in a report on Wednesday, July 12th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.41.

Mosaic Company (The) Company Profile

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.

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

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