Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Mosaic Co (NYSE:MOS) by 49.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,659 shares of the basic materials company’s stock after selling 376,792 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Mosaic worth $12,364,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Shell Asset Management Co. boosted its stake in shares of Mosaic by 19.3% during the third quarter. Shell Asset Management Co. now owns 27,780 shares of the basic materials company’s stock valued at $902,000 after purchasing an additional 4,498 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in Mosaic in the third quarter worth about $24,675,000. Cobblestone Capital Advisors LLC NY purchased a new stake in Mosaic in the third quarter worth about $224,000. Canada Pension Plan Investment Board lifted its stake in Mosaic by 113.3% in the third quarter. Canada Pension Plan Investment Board now owns 860,266 shares of the basic materials company’s stock worth $27,941,000 after acquiring an additional 456,900 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Mosaic by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 402,695 shares of the basic materials company’s stock worth $12,670,000 after acquiring an additional 8,079 shares during the period. Institutional investors and hedge funds own 75.65% of the company’s stock.
A number of research firms recently weighed in on MOS. TheStreet raised shares of Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. Cowen upped their price objective on shares of Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. Royal Bank of Canada set a $45.00 price objective on shares of Mosaic and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Credit Suisse Group set a $30.00 price objective on shares of Mosaic and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Finally, Stephens set a $45.00 price objective on shares of Mosaic and gave the stock a “buy” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Mosaic currently has an average rating of “Buy” and an average target price of $35.79.
MOS stock opened at $35.28 on Wednesday. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.77 and a beta of 1.45. Mosaic Co has a one year low of $22.90 and a one year high of $37.37. The company has a quick ratio of 0.89, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The company’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Analysts predict that Mosaic Co will post 1.9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, December 5th. Mosaic’s payout ratio is 9.17%.
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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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