Aviva PLC trimmed its position in shares of Mosaic Co (NYSE:MOS) by 3.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 170,681 shares of the basic materials company’s stock after selling 6,894 shares during the quarter. Aviva PLC’s holdings in Mosaic were worth $5,544,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WS Management Lllp grew its position in Mosaic by 48.9% during the 3rd quarter. WS Management Lllp now owns 1,093,059 shares of the basic materials company’s stock worth $35,503,000 after acquiring an additional 358,943 shares during the last quarter. FDx Advisors Inc. bought a new position in Mosaic during the 3rd quarter worth approximately $227,000. Estabrook Capital Management grew its position in Mosaic by 24.1% during the 3rd quarter. Estabrook Capital Management now owns 78,850 shares of the basic materials company’s stock worth $2,561,000 after acquiring an additional 15,300 shares during the last quarter. Davidson Investment Advisors grew its position in Mosaic by 1.7% during the 3rd quarter. Davidson Investment Advisors now owns 282,204 shares of the basic materials company’s stock worth $9,166,000 after acquiring an additional 4,601 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in Mosaic by 19.3% during the 3rd quarter. Shell Asset Management Co. now owns 27,780 shares of the basic materials company’s stock worth $902,000 after acquiring an additional 4,498 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors.
MOS has been the topic of several recent research reports. Royal Bank of Canada raised their price target on Mosaic from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research lowered Mosaic from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Morgan Stanley lifted their price objective on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. Susquehanna Bancshares lifted their price objective on Mosaic from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, August 27th. Finally, Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $40.00 in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.79.
Shares of MOS stock opened at $33.52 on Friday. The company has a market capitalization of $13.60 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45. Mosaic Co has a fifty-two week low of $22.90 and a fifty-two week high of $37.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. Research analysts forecast that Mosaic Co will post 1.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a $0.025 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. Mosaic’s dividend payout ratio is currently 9.17%.
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The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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