Bank Julius Baer & Co. Ltd Zurich Has $51.30 Million Holdings in The Mosaic Company (NYSE:MOS)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of The Mosaic Company (NYSE:MOS) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,435,687 shares of the basic materials company’s stock after purchasing an additional 72,220 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Mosaic were worth $51,297,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in Mosaic by 8,776.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 627,654 shares of the basic materials company’s stock valued at $22,344,000 after purchasing an additional 620,583 shares during the last quarter. Northern Trust Corp lifted its stake in Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after purchasing an additional 424,063 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in Mosaic by 23.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after purchasing an additional 391,191 shares during the last quarter. Korea Investment CORP lifted its stake in Mosaic by 278.7% in the 3rd quarter. Korea Investment CORP now owns 426,615 shares of the basic materials company’s stock valued at $15,187,000 after purchasing an additional 313,974 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Mosaic by 22.9% during the third quarter. Van ECK Associates Corp now owns 1,570,331 shares of the basic materials company’s stock valued at $55,904,000 after acquiring an additional 292,850 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Down 0.7 %

Shares of NYSE MOS traded down $0.21 during mid-day trading on Thursday, reaching $30.28. 4,565,106 shares of the company’s stock traded hands, compared to its average volume of 4,860,460. The stock has a market cap of $9.74 billion, a P/E ratio of 8.68, a PEG ratio of 1.56 and a beta of 1.50. The business has a 50-day simple moving average of $31.52 and a 200 day simple moving average of $33.36. The Mosaic Company has a 1-year low of $29.25 and a 1-year high of $43.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. On average, analysts expect that The Mosaic Company will post 2.79 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is currently 24.07%.

Analyst Upgrades and Downgrades

MOS has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price target for the company. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Finally, Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective for the company in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $40.27.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.