Allianz Asset Management GmbH increased its holdings in Mosaic Co (NYSE:MOS) by 84.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,126,489 shares of the basic materials company’s stock after purchasing an additional 515,303 shares during the period. Allianz Asset Management GmbH owned 0.29% of Mosaic worth $36,589,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Cod Five Cents Savings Bank purchased a new position in Mosaic in the 3rd quarter worth approximately $211,000. Schwab Charles Investment Management Inc. lifted its holdings in Mosaic by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,334,992 shares of the basic materials company’s stock worth $65,497,000 after purchasing an additional 104,543 shares in the last quarter. BRYN MAWR TRUST Co lifted its holdings in Mosaic by 16.9% in the 2nd quarter. BRYN MAWR TRUST Co now owns 271,689 shares of the basic materials company’s stock worth $7,621,000 after purchasing an additional 39,361 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in Mosaic in the 2nd quarter worth approximately $234,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Mosaic by 21.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,143,463 shares of the basic materials company’s stock worth $32,074,000 after purchasing an additional 200,899 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors.
MOS has been the topic of a number of research analyst reports. TheStreet raised Mosaic from a “c+” rating to a “b-” rating in a report on Monday, November 19th. Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $40.00 in a report on Wednesday, October 10th. Royal Bank of Canada boosted their price target on Mosaic from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. ValuEngine raised Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Mosaic has an average rating of “Buy” and a consensus target price of $35.79.
NYSE:MOS opened at $36.00 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67. Mosaic Co has a 1 year low of $22.90 and a 1 year high of $37.37. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.71 and a beta of 1.42.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s revenue was up 47.5% compared to the same quarter last year. On average, equities analysts expect that Mosaic Co will post 1.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, December 5th. Mosaic’s dividend payout ratio is currently 9.17%.
Mosaic Company Profile
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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