Wellington Management Group LLP Buys 219,463 Shares of The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP lifted its position in The Mosaic Company (NYSE:MOS) by 1,007.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,245 shares of the basic materials company’s stock after purchasing an additional 219,463 shares during the quarter. Wellington Management Group LLP owned about 0.07% of Mosaic worth $8,620,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in shares of Mosaic by 50.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 14,835 shares of the basic materials company’s stock valued at $528,000 after acquiring an additional 4,994 shares during the last quarter. LPL Financial LLC raised its position in shares of Mosaic by 42.0% during the 3rd quarter. LPL Financial LLC now owns 206,606 shares of the basic materials company’s stock valued at $7,355,000 after buying an additional 61,096 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Mosaic by 80.0% in the 3rd quarter. Natixis Advisors L.P. now owns 79,145 shares of the basic materials company’s stock valued at $2,818,000 after acquiring an additional 35,180 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Mosaic by 168.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 18,961 shares of the basic materials company’s stock valued at $675,000 after acquiring an additional 11,906 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in Mosaic by 192.7% during the third quarter. Bank of Nova Scotia now owns 121,861 shares of the basic materials company’s stock worth $4,338,000 after acquiring an additional 80,234 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MOS shares. Scotiabank dropped their target price on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday, May 6th. Mizuho reduced their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Barclays dropped their price target on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Piper Sandler reduced their price objective on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Finally, Royal Bank of Canada dropped their target price on Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.29.

Mosaic Stock Performance

MOS stock opened at $29.53 on Friday. The Mosaic Company has a 1-year low of $26.67 and a 1-year high of $42.81. The business has a 50-day moving average price of $29.61 and a 200 day moving average price of $31.58. The company has a market capitalization of $9.50 billion, a P/E ratio of 12.56, a PEG ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 25.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Mosaic Company will post 2.67 EPS 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.