Moors & Cabot Inc. boosted its holdings in Mosaic Co (NYSE:MOS) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,604 shares of the basic materials company’s stock after acquiring an additional 1,800 shares during the quarter. Moors & Cabot Inc.’s holdings in Mosaic were worth $1,107,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd bought a new position in Mosaic in the 1st quarter valued at approximately $105,000. Penserra Capital Management LLC lifted its position in Mosaic by 296.8% in the 1st quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 3,116 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Mosaic by 44.0% during the 1st quarter. Federated Investors Inc. PA now owns 7,483 shares of the basic materials company’s stock valued at $182,000 after buying an additional 2,288 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Mosaic during the 1st quarter valued at $202,000. Finally, Koch Industries Inc. bought a new position in shares of Mosaic during the 1st quarter valued at $207,000. 72.24% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. Citigroup increased their price target on Mosaic from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Cowen increased their price target on Mosaic from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 18th. BMO Capital Markets reissued a “market perform” rating and set a $26.00 price target (up from $24.00) on shares of Mosaic in a report on Wednesday, February 21st. Bank of America increased their price target on Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Wednesday, February 21st. Finally, Royal Bank of Canada increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Mosaic presently has an average rating of “Hold” and a consensus price target of $27.37.
In related news, Director Robert L. Lumpkins purchased 4,655 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was bought at an average price of $27.14 per share, for a total transaction of $126,336.70. Following the completion of the transaction, the director now owns 13,994 shares in the company, valued at approximately $379,797.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
Mosaic opened at $28.31 on Wednesday, according to Marketbeat.com. The stock has a market capitalization of $11.27 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.82 and a beta of 1.26. Mosaic Co has a 12 month low of $19.23 and a 12 month high of $29.95. The company has a quick ratio of 0.80, a current ratio of 1.73 and a debt-to-equity ratio of 0.45.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.08). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Mosaic had a positive return on equity of 4.44% and a negative net margin of 0.82%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. analysts anticipate that Mosaic Co will post 1.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, June 7th will be given a $0.025 dividend. The ex-dividend date is Wednesday, June 6th. This represents a $0.10 annualized dividend and a yield of 0.35%. 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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