Pendal Group Ltd raised its stake in Mosaic Co (NYSE:MOS) by 35.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,106 shares of the basic materials company’s stock after purchasing an additional 13,293 shares during the quarter. Pendal Group Ltd’s holdings in Mosaic were worth $1,660,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in MOS. Royal Bank of Canada grew its holdings in Mosaic by 36.6% in the first quarter. Royal Bank of Canada now owns 223,454 shares of the basic materials company’s stock worth $5,425,000 after purchasing an additional 59,815 shares during the period. Principal Financial Group Inc. grew its holdings in Mosaic by 4.6% in the first quarter. Principal Financial Group Inc. now owns 758,509 shares of the basic materials company’s stock worth $18,417,000 after purchasing an additional 33,619 shares during the period. Allianz Asset Management GmbH grew its holdings in Mosaic by 87.0% in the first quarter. Allianz Asset Management GmbH now owns 788,259 shares of the basic materials company’s stock worth $19,140,000 after purchasing an additional 366,710 shares during the period. DnB Asset Management AS acquired a new position in shares of Mosaic during the second quarter valued at about $1,285,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Mosaic by 50.2% during the second quarter. IFM Investors Pty Ltd now owns 17,112 shares of the basic materials company’s stock valued at $480,000 after buying an additional 5,722 shares during the last quarter. Institutional investors own 74.86% of the company’s stock.
MOS opened at $36.63 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 1.67. Mosaic Co has a fifty-two week low of $22.33 and a fifty-two week high of $37.37. The stock has a market cap of $14.11 billion, a P/E ratio of 21.66, a PEG ratio of 2.81 and a beta of 1.42.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.11. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm earned $0.43 earnings per share. The firm’s revenue was up 47.5% on a year-over-year basis. Equities research analysts predict that Mosaic Co will post 1.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Wednesday, December 5th. Mosaic’s payout ratio is currently 9.17%.
In other news, Director Luciano Siani Pires purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, with a total value of $59,360.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $59,360. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.
A number of research analysts have recently issued reports on MOS shares. Royal Bank of Canada lifted their price objective on shares of Mosaic from $36.00 to $40.00 and gave the company a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Mosaic from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Susquehanna Bancshares lifted their price objective on shares of Mosaic from $33.00 to $40.00 and gave the company a “positive” rating in a report on Monday, August 27th. Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $40.00 in a report on Wednesday, October 10th. Finally, Morgan Stanley lifted their price objective on shares of Mosaic from $33.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Mosaic has an average rating of “Buy” and an average price target of $35.43.
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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