Panagora Asset Management Inc. lessened its holdings in Mosaic Co (NYSE:MOS) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,392 shares of the basic materials company’s stock after selling 10,150 shares during the period. Panagora Asset Management Inc.’s holdings in Mosaic were worth $1,539,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Mosaic by 5.4% in the 3rd quarter. BlackRock Inc. now owns 25,024,893 shares of the basic materials company’s stock worth $812,808,000 after purchasing an additional 1,272,851 shares during the period. FMR LLC lifted its stake in shares of Mosaic by 23.6% in the 3rd quarter. FMR LLC now owns 14,619,257 shares of the basic materials company’s stock worth $474,834,000 after purchasing an additional 2,787,867 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Mosaic by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock worth $235,621,000 after purchasing an additional 2,385,147 shares during the period. Northern Trust Corp lifted its stake in shares of Mosaic by 8.6% in the 2nd quarter. Northern Trust Corp now owns 6,680,013 shares of the basic materials company’s stock worth $187,374,000 after purchasing an additional 527,641 shares during the period. Finally, Investec Asset Management LTD bought a new position in shares of Mosaic in the 2nd quarter worth approximately $127,458,000. Hedge funds and other institutional investors own 75.49% of the company’s stock.
Mosaic stock opened at $30.93 on Friday. The company has a market capitalization of $11.92 billion, a P/E ratio of 18.30, a PEG ratio of 2.32 and a beta of 1.45. Mosaic Co has a 12-month low of $22.90 and a 12-month high of $37.37. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.
Mosaic (NYSE:MOS) last released its earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Analysts forecast that Mosaic Co will post 1.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, December 5th. Mosaic’s dividend payout ratio (DPR) is currently 9.17%.
Several equities analysts have recently weighed in on MOS shares. Royal Bank of Canada increased their price objective on shares of Mosaic from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Mosaic from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Cowen increased their target price on shares of Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, November 15th. Morgan Stanley increased their target price on shares of Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, October 18th. Finally, Susquehanna Bancshares increased their target price on shares of Mosaic from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, August 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.00.
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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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