Nuveen Asset Management LLC bought a new stake in shares of Mosaic Co (NYSE:MOS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,307 shares of the basic materials company’s stock, valued at approximately $202,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Afam Capital Inc. boosted its stake in Mosaic by 1.3% during the 1st quarter. Afam Capital Inc. now owns 150,981 shares of the basic materials company’s stock valued at $3,666,000 after purchasing an additional 1,954 shares during the last quarter. Denver Investment Advisors LLC boosted its stake in Mosaic by 3.2% during the 1st quarter. Denver Investment Advisors LLC now owns 63,934 shares of the basic materials company’s stock valued at $1,553,000 after purchasing an additional 1,988 shares during the last quarter. Federated Investors Inc. PA boosted its stake in Mosaic by 44.0% during the 1st quarter. Federated Investors Inc. PA now owns 7,483 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 2,288 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Mosaic by 296.8% during the 1st quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 3,116 shares during the last quarter. Finally, S&CO Inc. boosted its stake in Mosaic by 0.3% during the 1st quarter. S&CO Inc. now owns 1,141,169 shares of the basic materials company’s stock valued at $27,708,000 after purchasing an additional 3,245 shares during the last quarter. Institutional investors and hedge funds own 72.24% of the company’s stock.
In related news, Director Robert L. Lumpkins bought 4,655 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were bought at an average cost of $27.14 per share, with a total value of $126,336.70. Following the acquisition, the director now owns 13,994 shares in the company, valued at $379,797.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by company insiders.
MOS has been the topic of several recent analyst reports. Royal Bank of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $32.00 to $30.00 in a research note on Thursday, May 10th. Credit Suisse Group increased their target price on Mosaic from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, May 9th. Cowen upgraded Mosaic from a “market perform” rating to an “outperform” rating in a research note on Monday, March 5th. Stifel Nicolaus raised their price target on Mosaic from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, May 15th. Finally, Zacks Investment Research downgraded Mosaic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Mosaic currently has a consensus rating of “Hold” and an average target price of $27.37.
Mosaic opened at $28.88 on Friday, Marketbeat reports. The firm has a market capitalization of $10.94 billion, a PE ratio of 22.52, a PEG ratio of 2.73 and a beta of 1.26. Mosaic Co has a 1 year low of $19.23 and a 1 year high of $29.95. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45.
Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.08). Mosaic had a positive return on equity of 4.44% and a negative net margin of 0.82%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.04 earnings per share. Mosaic’s revenue for the quarter was up 22.5% compared to the same quarter last year. equities research analysts expect that Mosaic Co will post 1.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, June 7th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, June 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. Mosaic’s dividend payout ratio is currently 9.17%.
Mosaic Company Profile
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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