Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Mosaic Co (NYSE:MOS) by 10.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,041 shares of the basic materials company’s stock after selling 15,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mosaic were worth $2,727,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stonebridge Capital Advisors LLC bought a new position in shares of Mosaic in the second quarter valued at about $32,000. Captrust Financial Advisors raised its holdings in shares of Mosaic by 207.9% in the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after buying an additional 948 shares during the last quarter. NuWave Investment Management LLC raised its holdings in shares of Mosaic by 244.6% in the third quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,448 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Mosaic by 169.1% in the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,003 shares during the last quarter. Finally, Squar Milner Financial Services LLC raised its holdings in shares of Mosaic by 1,452.1% in the second quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,757 shares during the last quarter. 75.12% of the stock is owned by institutional investors.
Shares of NYSE:MOS opened at $20.68 on Thursday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.87 and a beta of 1.65. Mosaic Co has a 1-year low of $17.36 and a 1-year high of $37.37. The company has a current ratio of 1.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $20.22 and a two-hundred day moving average price of $22.12.
Mosaic (NYSE:MOS) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.67 billion. Mosaic had a positive return on equity of 4.44% and a negative net margin of 0.36%. Mosaic’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts predict that Mosaic Co will post 1.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. Mosaic’s payout ratio is currently 9.43%.
In related news, Director William T. Monahan bought 2,360 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the transaction, the director now owns 39,235 shares of the company’s stock, valued at $829,820.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cheryl K. Beebe bought 12,998 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $19.21 per share, with a total value of $249,691.58. Following the completion of the transaction, the director now directly owns 23,704 shares in the company, valued at approximately $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on MOS shares. Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $31.00 in a report on Wednesday, July 31st. CIBC started coverage on Mosaic in a report on Wednesday, October 9th. They issued a “buy” rating and a $25.00 price target for the company. Cfra reaffirmed a “buy” rating and issued a $27.00 price target on shares of Mosaic in a report on Monday, September 9th. Consumer Edge started coverage on Mosaic in a report on Monday, September 23rd. They issued an “equal weight” rating and a $22.00 price target for the company. Finally, JPMorgan Chase & Co. cut Mosaic from an “overweight” rating to a “neutral” rating and cut their price target for the company from $24.00 to $20.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.82.
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 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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