Wealthfront Inc. increased its holdings in Mosaic Co (NYSE:MOS) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,923 shares of the basic materials company’s stock after buying an additional 4,592 shares during the period. Wealthfront Inc.’s holdings in Mosaic were worth $922,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Mosaic in the fourth quarter worth $235,000. Hutchinson Capital Management CA raised its position in shares of Mosaic by 1.3% in the fourth quarter. Hutchinson Capital Management CA now owns 769,010 shares of the basic materials company’s stock worth $19,733,000 after buying an additional 9,873 shares in the last quarter. Rhumbline Advisers raised its position in shares of Mosaic by 0.9% in the fourth quarter. Rhumbline Advisers now owns 635,556 shares of the basic materials company’s stock worth $16,308,000 after buying an additional 5,665 shares in the last quarter. Arizona State Retirement System raised its position in shares of Mosaic by 4.6% in the fourth quarter. Arizona State Retirement System now owns 220,923 shares of the basic materials company’s stock worth $5,669,000 after buying an additional 9,692 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of Mosaic by 13.3% in the fourth quarter. State of Wisconsin Investment Board now owns 484,068 shares of the basic materials company’s stock worth $12,421,000 after buying an additional 56,998 shares in the last quarter. Institutional investors own 77.42% of the company’s stock.
A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Scotiabank raised their price target on Mosaic from $22.00 to $24.00 and gave the company a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on Mosaic from $28.00 to $29.00 and gave the company a “sector perform” rating in a research report on Wednesday. Bank of America raised their price target on Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.34.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Mosaic had a positive return on equity of 3.87% and a negative net margin of 1.45%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts anticipate that Mosaic Co will post 1.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. Mosaic’s dividend payout ratio (DPR) is currently -33.33%.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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