Meitav Dash Investments Ltd. purchased a new position in shares of Mosaic Co (NYSE:MOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 754,180 shares of the basic materials company’s stock, valued at approximately $19,352,000. Meitav Dash Investments Ltd. owned approximately 0.21% of Mosaic at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in MOS. Renaissance Technologies LLC grew its position in shares of Mosaic by 324.4% during the fourth quarter. Renaissance Technologies LLC now owns 2,019,600 shares of the basic materials company’s stock worth $51,823,000 after buying an additional 1,543,700 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 26.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after buying an additional 921,345 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $23,318,000. Global Thematic Partners LLC grew its position in shares of Mosaic by 49.9% during the fourth quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock worth $59,660,000 after buying an additional 773,747 shares in the last quarter. Finally, Impala Asset Management LLC acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $17,184,000. 80.88% of the stock is owned by institutional investors and hedge funds.
In other news, Director Kelvin R. Westbrook purchased 1,200 shares of Mosaic stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $27.63 per share, with a total value of $33,156.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $33,156. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.38% of the company’s stock.
A number of analysts have recently weighed in on MOS shares. Cowen raised their price target on shares of Mosaic from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 22nd. JPMorgan Chase & Co. assumed coverage on shares of Mosaic in a research report on Friday, January 12th. They set a “neutral” rating and a $26.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, January 12th. Zacks Investment Research downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, Stephens assumed coverage on shares of Mosaic in a report on Friday, February 2nd. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.84.
Mosaic Co (MOS) opened at $25.59 on Tuesday. Mosaic Co has a 1-year low of $19.23 and a 1-year high of $29.80. The stock has a market cap of $9,162.38, a price-to-earnings ratio of -85.30, a PEG ratio of 2.04 and a beta of 1.26. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts expect that Mosaic Co will post 1.35 EPS for the current year.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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