Unigestion Holding SA reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 27.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,774 shares of the basic materials company’s stock after selling 65,503 shares during the period. Unigestion Holding SA’s holdings in Mosaic were worth $6,099,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MOS. Berman Capital Advisors LLC raised its holdings in Mosaic by 149.4% during the second quarter. Berman Capital Advisors LLC now owns 863 shares of the basic materials company’s stock valued at $26,000 after buying an additional 517 shares in the last quarter. San Francisco Sentry Investment Group CA raised its holdings in Mosaic by 968.1% during the second quarter. San Francisco Sentry Investment Group CA now owns 1,004 shares of the basic materials company’s stock valued at $32,000 after buying an additional 910 shares in the last quarter. Selective Wealth Management Inc. raised its holdings in Mosaic by 2,900.0% during the second quarter. Selective Wealth Management Inc. now owns 1,500 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,450 shares in the last quarter. Credit Agricole S A bought a new position in Mosaic during the second quarter valued at about $51,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Mosaic by 25.2% during the second quarter. O Shaughnessy Asset Management LLC now owns 2,007 shares of the basic materials company’s stock valued at $64,000 after buying an additional 404 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.
Several equities analysts have weighed in on the company. Bank of America raised their target price on Mosaic from $50.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, September 14th. Zacks Investment Research lowered Mosaic from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research note on Friday, October 22nd. Mizuho initiated coverage on Mosaic in a research note on Tuesday, October 12th. They issued a “buy” rating and a $55.00 price objective on the stock. Citigroup lowered Mosaic from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday, November 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada lifted their price objective on Mosaic from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Buy” and an average target price of $40.31.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Sunday, October 31st. The basic materials company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.20). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.66 billion. Mosaic had a net margin of 16.34% and a return on equity of 13.78%. The firm’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 5.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Shareholders of record on Thursday, December 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, December 1st. Mosaic’s payout ratio is 6.40%.
In other Mosaic news, insider S.A. Vale sold 34,176,574 shares of Mosaic stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $36.84, for a total transaction of $1,259,064,986.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by insiders.
Mosaic Company Profile
The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through it’s wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.
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