Integrated Investment Consultants LLC boosted its stake in shares of The Mosaic Company (NYSE:MOS – Free Report) by 50.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,192 shares of the basic materials company’s stock after purchasing an additional 6,416 shares during the period. Integrated Investment Consultants LLC’s holdings in Mosaic were worth $514,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MOS. Thompson Siegel & Walmsley LLC increased its stake in shares of Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after purchasing an additional 359,760 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Mosaic by 9.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,641 shares of the basic materials company’s stock valued at $1,249,000 after purchasing an additional 4,012 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Mosaic in the 3rd quarter valued at $218,000. Banque Cantonale Vaudoise increased its stake in shares of Mosaic by 67.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 79,014 shares of the basic materials company’s stock valued at $2,117,000 after purchasing an additional 31,766 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Mosaic by 8.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company’s stock valued at $5,093,000 after acquiring an additional 14,967 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have commented on MOS shares. Barclays cut their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and an average target price of $33.22.
Mosaic Stock Performance
Shares of MOS opened at $26.01 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The company has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $27.82. The firm has a market capitalization of $8.29 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35.
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, analysts anticipate that The Mosaic Company will post 2.18 EPS for the current fiscal year.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.
About Mosaic
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.
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