UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $48.25 Million Position in The Mosaic Company (NYSE:MOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in The Mosaic Company (NYSE:MOS) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,801,523 shares of the basic materials company’s stock after selling 56,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of Mosaic worth $48,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of Mosaic in the second quarter worth $3,610,000. Swedbank AB grew its stake in Mosaic by 6.2% in the second quarter. Swedbank AB now owns 1,240,678 shares of the basic materials company’s stock valued at $35,856,000 after purchasing an additional 71,986 shares in the last quarter. Quarry LP increased its position in Mosaic by 131.4% in the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after purchasing an additional 22,084 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Finally, Herr Investment Group LLC lifted its holdings in shares of Mosaic by 1,318.7% during the 2nd quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after buying an additional 308,792 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MOS shares. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Barclays cut their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.22.

Mosaic Stock Performance

Shares of NYSE MOS opened at $27.58 on Wednesday. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a market cap of $8.76 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.91 and a beta of 1.34. The business’s 50 day moving average is $26.53 and its two-hundred day moving average is $27.58. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm posted $0.68 EPS. The company’s revenue was down 20.8% compared to the same quarter last year. On average, equities analysts expect that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.

Mosaic Company Profile

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.