Pictet Asset Management Ltd. Increases Position in Mosaic Co (NYSE:MOS)

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Pictet Asset Management Ltd. lifted its holdings in Mosaic Co (NYSE:MOS) by 46.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,474 shares of the basic materials company’s stock after buying an additional 55,447 shares during the period. Pictet Asset Management Ltd.’s holdings in Mosaic were worth $4,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MOS. Rockefeller Capital Management L.P. raised its holdings in Mosaic by 169.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,003 shares during the period. Meridian Wealth Management LLC bought a new stake in Mosaic during the 1st quarter valued at $41,000. Rational Advisors LLC raised its holdings in Mosaic by 2,825.9% during the 1st quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 1,526 shares during the period. Squar Milner Financial Services LLC raised its holdings in Mosaic by 1,452.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,757 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Mosaic by 293.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,408 shares of the basic materials company’s stock valued at $85,000 after acquiring an additional 2,541 shares during the period. Hedge funds and other institutional investors own 74.89% of the company’s stock.

NYSE:MOS traded down $0.82 during midday trading on Tuesday, hitting $22.15. The company had a trading volume of 2,407,949 shares, compared to its average volume of 4,911,713. Mosaic Co has a 52-week low of $17.36 and a 52-week high of $37.37. The stock’s fifty day moving average price is $20.79 and its 200-day moving average price is $24.12. The company has a market capitalization of $8.62 billion, a PE ratio of 10.45, a P/E/G ratio of 2.78 and a beta of 1.65. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.18). Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts forecast that Mosaic Co will post 1.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a $0.05 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.20 annualized dividend and a yield of 0.90%. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

In related news, Director Cheryl K. Beebe bought 12,998 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares of the company’s stock, valued at $455,353.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William T. Monahan bought 2,360 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $21.15 per share, with a total value of $49,914.00. Following the completion of the transaction, the director now directly owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by insiders.

MOS has been the topic of a number of analyst reports. Bank of America raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, June 17th. Zacks Investment Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Monday, May 20th. Standpoint Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. reduced their price target on shares of Mosaic from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Cowen reduced their price target on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Mosaic currently has an average rating of “Hold” and an average target price of $30.63.

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 International Distribution. 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.

Read More: Cash Asset Ratio

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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