Scotia Capital Inc. purchased a new position in Mosaic Co (NYSE:MOS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,688 shares of the basic materials company’s stock, valued at approximately $1,169,000.
Other hedge funds have also recently modified their holdings of the company. IFM Investors Pty Ltd grew its stake in Mosaic by 36.2% in the second quarter. IFM Investors Pty Ltd now owns 30,031 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 7,974 shares during the period. Neuburgh Advisers LLC boosted its holdings in Mosaic by 38.6% in the first quarter. Neuburgh Advisers LLC now owns 171,836 shares of the basic materials company’s stock worth $4,693,000 after acquiring an additional 47,872 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Mosaic by 49.0% in the first quarter. Xact Kapitalforvaltning AB now owns 60,766 shares of the basic materials company’s stock worth $1,660,000 after acquiring an additional 19,976 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Mosaic by 59.4% in the second quarter. Retirement Systems of Alabama now owns 1,100,223 shares of the basic materials company’s stock worth $27,539,000 after acquiring an additional 409,791 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new stake in Mosaic in the first quarter worth $235,000. 74.96% of the stock is currently owned by institutional investors.
Several research firms have commented on MOS. Royal Bank of Canada dropped their target price on Mosaic from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Cfra reissued a “buy” rating and issued a $27.00 target price on shares of Mosaic in a report on Monday, September 9th. Zacks Investment Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a report on Monday, May 20th. BMO Capital Markets set a $27.00 target price on Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $31.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and a consensus price target of $30.63.
Shares of NYSE:MOS traded up $0.67 during midday trading on Friday, reaching $22.65. 5,585,967 shares of the company’s stock traded hands, compared to its average volume of 4,798,140. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.67. Mosaic Co has a one year low of $17.36 and a one year high of $37.37. The stock has a 50 day moving average of $20.88 and a 200 day moving average of $24.26.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.18). The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.31 billion. Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. Sell-side analysts predict that Mosaic Co will post 1.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, September 4th. Mosaic’s payout ratio is currently 9.43%.
In other Mosaic news, Director Cheryl K. Beebe purchased 12,998 shares of the stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $19.21 per share, with a total value of $249,691.58. Following the completion of the acquisition, the director now directly owns 23,704 shares in the company, valued at approximately $455,353.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.
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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