Amundi Pioneer Asset Management Inc. acquired a new stake in Mosaic Co (NYSE:MOS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 908,701 shares of the basic materials company’s stock, valued at approximately $23,318,000. Amundi Pioneer Asset Management Inc. owned about 0.26% of Mosaic as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of MOS. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 26.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock valued at $94,211,000 after acquiring an additional 921,345 shares during the period. Global Thematic Partners LLC lifted its position in shares of Mosaic by 49.9% during the 4th quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock valued at $59,660,000 after acquiring an additional 773,747 shares during the period. Impala Asset Management LLC acquired a new position in shares of Mosaic during the 4th quarter valued at $17,184,000. Schwab Charles Investment Management Inc. lifted its position in shares of Mosaic by 39.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,050,174 shares of the basic materials company’s stock valued at $44,264,000 after acquiring an additional 584,511 shares during the period. Finally, Barings LLC acquired a new position in shares of Mosaic during the 4th quarter valued at $14,403,000. 80.90% of the stock is currently owned by institutional investors.
In other news, Director Kelvin R. Westbrook bought 1,200 shares of Mosaic stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $27.63 per share, for a total transaction of $33,156.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $33,156. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company’s stock.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. equities analysts forecast that Mosaic Co will post 1.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st were paid a $0.025 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. Mosaic’s payout ratio is 10.00%.
A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Mosaic from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Cowen upgraded shares of Mosaic from a “market perform” rating to an “outperform” rating in a research report on Monday, March 5th. Scotiabank boosted their target price on shares of Mosaic from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, CIBC upgraded shares of Mosaic from a “sector underperform” rating to a “neutral” rating in a research report on Sunday, February 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.77.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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