AQR Capital Management LLC lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,276,791 shares of the basic materials company's stock after selling 581,894 shares during the quarter. AQR Capital Management LLC owned approximately 0.40% of Mosaic worth $31,192,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in shares of Mosaic during the 4th quarter worth $33,000. Tobam purchased a new stake in shares of Mosaic in the fourth quarter valued at $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the 4th quarter worth about $41,000. Finally, Ethos Financial Group LLC purchased a new stake in Mosaic in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 77.54% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Scotiabank upped their price target on Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 19th. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.67.
View Our Latest Research Report on Mosaic
Mosaic Stock Up 3.6 %
MOS stock traded up $1.11 during midday trading on Wednesday, hitting $31.56. 11,985,698 shares of the company's stock were exchanged, compared to its average volume of 4,631,053. The firm has a 50 day moving average price of $26.60 and a 200-day moving average price of $26.42. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $32.29. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.
Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly 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. The firm had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.
Mosaic Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.79%. Mosaic's dividend payout ratio (DPR) is 160.00%.
Mosaic Company Profile
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Free Report)
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.
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