Traynor Capital Management Inc. bought a new position in shares of Mosaic Co. (NYSE:MOS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,569 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of Mosaic by 28.2% in the second quarter. Alps Advisors Inc. now owns 975,408 shares of the company’s stock worth $25,536,000 after buying an additional 214,324 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Mosaic during the second quarter worth approximately $2,094,000. Boston Advisors LLC bought a new position in shares of Mosaic during the second quarter worth approximately $204,000. Headinvest LLC increased its position in shares of Mosaic by 17.6% in the second quarter. Headinvest LLC now owns 13,375 shares of the company’s stock worth $350,000 after buying an additional 2,000 shares during the last quarter. Finally, Conning Inc. increased its position in shares of Mosaic by 1.9% in the second quarter. Conning Inc. now owns 8,920 shares of the company’s stock worth $234,000 after buying an additional 170 shares during the last quarter. Institutional investors own 88.91% of the company’s stock.
Mosaic Co. (NYSE:MOS) traded up 1.96% on Wednesday, hitting $24.46. The company’s stock had a trading volume of 5,132,944 shares. Mosaic Co. has a 1-year low of $22.02 and a 1-year high of $36.95. The company has a market capitalization of $8.57 billion, a P/E ratio of 15.41 and a beta of 1.59. The company has a 50 day moving average price of $27.39 and a 200-day moving average price of $27.11.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. Mosaic had a return on equity of 4.87% and a net margin of 7.37%. Mosaic’s quarterly revenue was down 32.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts forecast that Mosaic Co. will post $0.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $1.10 annualized dividend and a yield of 4.50%. Mosaic’s dividend payout ratio is 69.18%.
A number of equities analysts have commented on the company. Credit Suisse Group AG restated a “sell” rating and issued a $21.00 target price on shares of Mosaic in a research note on Wednesday, August 31st. Vertical Research downgraded Mosaic from a “hold” rating to a “sell” rating in a research note on Wednesday, August 31st. They noted that the move was a valuation call. Susquehanna downgraded Mosaic from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research report on Wednesday, August 17th. Citigroup Inc. boosted their price objective on Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $23.00 price objective on shares of Mosaic in a research report on Wednesday, August 3rd. Ten investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of €28.75 ($31.94).
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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