Profund Advisors LLC raised its stake in shares of The Mosaic Company (NYSE:MOS – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,390 shares of the basic materials company’s stock after buying an additional 290 shares during the period. Profund Advisors LLC’s holdings in Mosaic were worth $412,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in Mosaic by 160.1% during the fourth quarter. Bank of Montreal Can now owns 716,778 shares of the basic materials company’s stock worth $31,445,000 after acquiring an additional 441,166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mosaic by 6.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,702,121 shares of the basic materials company’s stock worth $74,672,000 after purchasing an additional 99,812 shares in the last quarter. Anfield Capital Management LLC boosted its holdings in Mosaic by 832.8% during the fourth quarter. Anfield Capital Management LLC now owns 78,465 shares of the basic materials company’s stock worth $273,000 after buying an additional 70,053 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Mosaic by 6.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 78,326 shares of the basic materials company’s stock worth $3,436,000 after buying an additional 4,873 shares during the last quarter. Finally, Fluent Financial LLC bought a new position in shares of Mosaic in the fourth quarter valued at $3,422,000. 85.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MOS. Royal Bank of Canada dropped their price target on Mosaic from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. HSBC lowered shares of Mosaic from a “hold” rating to a “reduce” rating and decreased their price objective for the stock from $45.00 to $43.00 in a research note on Tuesday, February 21st. Mizuho boosted their target price on shares of Mosaic from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Barclays upgraded Mosaic from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $52.00 to $54.00 in a report on Friday, April 14th. Finally, Credit Suisse Group raised their price objective on Mosaic from $39.00 to $42.00 and gave the stock an “underperform” rating in a research report on Thursday, February 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.29.
Mosaic Stock Down 1.7 %
Mosaic (NYSE:MOS – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.34). Mosaic had a return on equity of 33.04% and a net margin of 18.73%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. Mosaic’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts forecast that The Mosaic Company will post 6.79 EPS for the current year.
Mosaic Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.82%. Mosaic’s dividend payout ratio is currently 10.02%.
Mosaic Profile
The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment is involved in the ownership and operation of mines and production facilities which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants which produce concentrated phosphate crop nutrients.
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