Anchor Bolt Capital LP decreased its position in Mosaic Co (NYSE:MOS) by 99.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,260 shares of the basic materials company’s stock after selling 969,174 shares during the period. Anchor Bolt Capital LP’s holdings in Mosaic were worth $212,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Private Capital Group LLC boosted its stake in Mosaic by 50.8% in the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 405 shares during the period. Securian Asset Management Inc boosted its stake in Mosaic by 1.7% in the 4th quarter. Securian Asset Management Inc now owns 36,260 shares of the basic materials company’s stock worth $1,059,000 after purchasing an additional 612 shares during the period. Contravisory Investment Management Inc. boosted its stake in Mosaic by 4.7% in the 4th quarter. Contravisory Investment Management Inc. now owns 14,012 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 626 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Mosaic by 8.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,931 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 649 shares during the period. Finally, BB&T Securities LLC boosted its stake in Mosaic by 9.9% in the 4th quarter. BB&T Securities LLC now owns 7,716 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 696 shares during the period. 77.34% of the stock is owned by institutional investors.
Shares of NYSE:MOS opened at $28.38 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. Mosaic Co has a one year low of $22.90 and a one year high of $37.37. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.74 and a beta of 1.48.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.57 by $0.20. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted ($1.23) EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities analysts forecast that Mosaic Co will post 2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be issued a $0.025 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. Mosaic’s payout ratio is 4.72%.
A number of equities analysts recently weighed in on MOS shares. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, January 21st. Cleveland Research lowered shares of Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Credit Suisse Group reaffirmed a “hold” rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, February 4th. TheStreet raised shares of Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. Finally, JPMorgan Chase & Co. cut shares of Mosaic from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $33.00 in a research report on Wednesday, December 12th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.14.
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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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