Artemis Investment Management LLP purchased a new position in shares of Mosaic Co. (NYSE:MOS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $2,094,000.
Several other hedge funds have also modified their holdings of MOS. NN Investment Partners Holdings N.V. purchased a new stake in Mosaic during the first quarter worth $63,437,000. State Street Corp increased its stake in Mosaic by 9.7% in the first quarter. State Street Corp now owns 18,789,606 shares of the company’s stock worth $507,317,000 after buying an additional 1,666,573 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Mosaic by 703.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,687,081 shares of the company’s stock worth $45,551,000 after buying an additional 1,477,072 shares during the last quarter. Hutchinson Capital Management CA purchased a new stake in Mosaic during the first quarter worth $16,814,000. Finally, Riverhead Capital Management LLC increased its stake in Mosaic by 237.1% in the first quarter. Riverhead Capital Management LLC now owns 605,972 shares of the company’s stock worth $16,363,000 after buying an additional 426,186 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Mosaic Co. (NYSE:MOS) traded down 0.86% during midday trading on Thursday, hitting $24.25. The stock had a trading volume of 4,453,896 shares. The stock has a market cap of $8.49 billion, a PE ratio of 15.28 and a beta of 1.59. Mosaic Co. has a 52-week low of $22.02 and a 52-week high of $36.95. The company’s 50 day moving average price is $27.18 and its 200-day moving average price is $27.08.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. Mosaic had a return on equity of 4.87% and a net margin of 7.37%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Mosaic’s revenue was down 32.7% on a year-over-year basis. Analysts forecast that Mosaic Co. will post $0.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Tuesday, September 6th. Mosaic’s dividend payout ratio is currently 69.18%.
MOS has been the subject of a number of recent research reports. BMO Capital Markets restated a “hold” rating and issued a $23.00 target price on shares of Mosaic in a research report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating on shares of Mosaic in a research report on Wednesday, July 13th. Vertical Research downgraded Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Citigroup Inc. boosted their target price on Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada downgraded Mosaic from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, July 13th. Ten equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €28.75 ($31.94).
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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