Raiffeisen Bank International AG Invests $891,000 in The Mosaic Company (NYSE:MOS)

Raiffeisen Bank International AG acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 37,173 shares of the basic materials company's stock, valued at approximately $891,000.

Several other institutional investors also recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after buying an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares during the period. Geode Capital Management LLC lifted its holdings in Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock valued at $218,751,000 after acquiring an additional 269,650 shares during the period. Northern Trust Corp lifted its holdings in Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after acquiring an additional 287,493 shares during the period. Finally, Norges Bank bought a new position in Mosaic in the fourth quarter valued at about $97,363,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.4%

Mosaic stock traded up $0.15 during trading hours on Tuesday, reaching $35.50. The stock had a trading volume of 4,449,759 shares, compared to its average volume of 4,703,102. The business's 50 day moving average price is $28.48 and its 200-day moving average price is $26.91. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $35.95. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.42 and a beta of 1.09. 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 - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is presently 75.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MOS. Royal Bank of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $30.00 to $40.00 in a research note on Thursday, May 8th. Barclays reaffirmed an "overweight" rating and issued a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. StockNews.com raised Mosaic from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Oppenheimer raised their price objective on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic 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.