Managed Asset Portfolios LLC boosted its position in shares of Mosaic Co (NYSE:MOS) by 21.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 757,564 shares of the basic materials company’s stock after buying an additional 131,944 shares during the period. Mosaic makes up approximately 3.4% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 17th largest position. Managed Asset Portfolios LLC owned about 0.20% of Mosaic worth $15,530,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in MOS. Retirement Systems of Alabama grew its stake in Mosaic by 59.4% during 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 buying an additional 409,791 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Mosaic by 13.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 68,715 shares of the basic materials company’s stock valued at $1,720,000 after purchasing an additional 7,949 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Mosaic by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 34,605 shares of the basic materials company’s stock valued at $866,000 after purchasing an additional 500 shares in the last quarter. Edge Wealth Management LLC acquired a new stake in shares of Mosaic in the 2nd quarter valued at approximately $94,000. Finally, Regent Investment Management LLC boosted its stake in shares of Mosaic by 8.2% in the 2nd quarter. Regent Investment Management LLC now owns 13,200 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Cowen reduced their price target on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. BMO Capital Markets set a $27.00 price target on shares of Mosaic and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus reduced their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, October 4th. ValuEngine upgraded shares of Mosaic from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Cfra restated a “buy” rating and issued a $26.00 price target on shares of Mosaic in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and an average target price of $27.75.
NYSE MOS traded up $0.07 during trading hours on Friday, reaching $20.81. The company’s stock had a trading volume of 3,992,460 shares, compared to its average volume of 4,648,813. The firm has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $22.09. The stock has a market cap of $8.00 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.91 and a beta of 1.65. Mosaic Co has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.60.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. On average, research analysts expect that Mosaic Co will post 0.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.96%. Mosaic’s payout ratio is 9.43%.
In other news, Director William T. Monahan purchased 2,360 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the acquisition, the director now owns 39,235 shares in the company, valued at $829,820.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cheryl K. Beebe purchased 12,998 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $19.21 per share, with a total value of $249,691.58. Following the acquisition, the director now owns 23,704 shares in the company, valued at approximately $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by company insiders.
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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