Legal & General Group Plc raised its position in Mosaic Co (NYSE:MOS) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,977,563 shares of the basic materials company’s stock after acquiring an additional 19,998 shares during the period. Legal & General Group Plc’s holdings in Mosaic were worth $47,981,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marco Investment Management LLC boosted its stake in Mosaic by 3.3% in the fourth quarter. Marco Investment Management LLC now owns 239,507 shares of the basic materials company’s stock valued at $6,146,000 after acquiring an additional 7,601 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Mosaic by 0.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 407,044 shares of the basic materials company’s stock valued at $10,444,000 after acquiring an additional 3,501 shares in the last quarter. Scopus Asset Management L.P. lifted its stake in shares of Mosaic by 183.3% during the first quarter. Scopus Asset Management L.P. now owns 425,000 shares of the basic materials company’s stock worth $10,319,000 after buying an additional 275,000 shares during the period. Bay Street Capital Partners LLC acquired a new stake in shares of Mosaic during the fourth quarter worth $1,796,000. Finally, Quad Capital Management Advisors LLC acquired a new stake in shares of Mosaic during the fourth quarter worth $770,000. Institutional investors own 72.33% of the company’s stock.
MOS has been the subject of several research reports. Royal Bank of Canada lifted their price objective on shares of Mosaic from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, April 20th. Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, March 13th. Credit Suisse Group lifted their price objective on shares of Mosaic from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 9th. Citigroup lowered their price objective on shares of Mosaic from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Finally, Cowen lifted their price objective on shares of Mosaic from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, May 18th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.37.
In other Mosaic news, Director Robert L. Lumpkins bought 4,655 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was bought at an average cost of $27.14 per share, for a total transaction of $126,336.70. Following the completion of the transaction, the director now directly owns 13,994 shares of the company’s stock, valued at approximately $379,797.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.
NYSE MOS opened at $28.31 on Friday. The firm has a market cap of $10.81 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 2.68 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 debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 0.80.
Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.85 billion. Mosaic had a negative net margin of 0.82% and a positive return on equity of 4.44%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. equities analysts predict that Mosaic Co will post 1.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, June 7th were given a dividend of $0.025 per share. 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 presently 9.17%.
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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