Barclays PLC Trims Stake in The Mosaic Company (NYSE:MOS)

Barclays PLC lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 10.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,209,573 shares of the basic materials company’s stock after selling 135,565 shares during the quarter. Barclays PLC’s holdings in Mosaic were worth $32,391,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic during the second quarter worth $46,000. Kimelman & Baird LLC purchased a new stake in shares of Mosaic during the second quarter valued at $49,000. Larson Financial Group LLC grew its holdings in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after buying an additional 384 shares during the period. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MOS shares. Barclays lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Finally, Oppenheimer started coverage on Mosaic in a research note on Thursday. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.40.

Mosaic Trading Up 0.5 %

Shares of NYSE MOS opened at $26.80 on Friday. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The business has a fifty day moving average price of $26.45 and a 200 day moving average price of $27.36. The stock has a market capitalization of $8.51 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. Equities research analysts expect that The Mosaic Company will post 2.07 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. Shareholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.13%. Mosaic’s dividend payout ratio (DPR) is 74.34%.

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.