Caisse DE Depot ET Placement DU Quebec lessened its holdings in Mosaic Co (NYSE:MOS) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,727 shares of the basic materials company’s stock after selling 11,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mosaic were worth $3,175,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of Mosaic by 16.3% in the 3rd quarter. Janus Henderson Group PLC now owns 362,064 shares of the basic materials company’s stock worth $7,817,000 after acquiring an additional 50,776 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of Mosaic by 32.6% in the 4th quarter. Westpac Banking Corp now owns 107,355 shares of the basic materials company’s stock worth $2,755,000 after acquiring an additional 26,390 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Mosaic by 32.3% in the 4th quarter. State of Alaska Department of Revenue now owns 71,980 shares of the basic materials company’s stock valued at $1,845,000 after buying an additional 17,560 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new stake in Mosaic in the 4th quarter valued at about $10,100,000. Finally, Engineers Gate Manager LP purchased a new stake in Mosaic in the 3rd quarter valued at about $595,000. Institutional investors own 80.90% of the company’s stock.
Several equities research analysts have commented on MOS shares. JPMorgan Chase & Co. started coverage on shares of Mosaic in a research note on Friday, January 12th. They issued a “neutral” rating and a $26.00 price objective for the company. Stephens started coverage on shares of Mosaic in a research note on Friday, February 2nd. They issued an “overweight” rating for the company. Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, November 14th. Royal Bank of Canada increased their price objective on shares of Mosaic from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, January 12th. Finally, Bank of America increased their price objective on shares of Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.77.
Mosaic Co (NYSE:MOS) opened at $27.62 on Tuesday. Mosaic Co has a 52-week low of $19.23 and a 52-week high of $29.80. The firm has a market cap of $9,700.00, a P/E ratio of 27.62, a PEG ratio of 2.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.27.
Mosaic (NYSE:MOS) last released its earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.03 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts anticipate that Mosaic Co will post 1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, February 28th. Mosaic’s dividend payout ratio is currently 10.00%.
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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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