Harvest Capital Strategies LLC reduced its stake in Mosaic Co (NYSE:MOS) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,000 shares of the basic materials company’s stock after selling 5,000 shares during the quarter. Harvest Capital Strategies LLC’s holdings in Mosaic were worth $4,106,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MOS. SeaCrest Wealth Management LLC bought a new position in Mosaic in the 4th quarter valued at about $106,000. Cerebellum GP LLC bought a new position in Mosaic in the 4th quarter valued at about $130,000. Stuart Chaussee & Associates Inc. bought a new position in Mosaic in the 4th quarter valued at about $138,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Mosaic by 60.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 2,257 shares during the period. Finally, Calton & Associates Inc. bought a new position in Mosaic in the 4th quarter valued at about $181,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Kelvin R. Westbrook purchased 1,200 shares of Mosaic stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $27.63 per share, for a total transaction of $33,156.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $33,156. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.91 billion. Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. analysts forecast that Mosaic Co will post 1.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, March 1st were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. Mosaic’s dividend payout ratio is -33.33%.
MOS has been the topic of several research analyst reports. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Monday, January 22nd. Cowen increased their price target on shares of Mosaic from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their price target for the company from $26.76 to $30.00 in a report on Wednesday, February 21st. CIBC raised shares of Mosaic from a “sector underperform” rating to a “neutral” rating in a report on Sunday, February 11th. Finally, Scotiabank increased their target price on shares of Mosaic from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Mosaic presently has a consensus rating of “Hold” and a consensus price target of $25.84.
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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