Bank of America Corp DE Has $34.33 Million Stake in The Mosaic Company (NYSE:MOS)

Bank of America Corp DE cut its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,396,734 shares of the basic materials company's stock after selling 247,634 shares during the quarter. Bank of America Corp DE owned 0.44% of Mosaic worth $34,332,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Mosaic by 33.8% in the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock worth $7,168,000 after purchasing an additional 73,653 shares in the last quarter. Swedbank AB lifted its stake in Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock valued at $34,101,000 after purchasing an additional 117,838 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Mosaic during the fourth quarter worth approximately $1,054,000. Institutional investors own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MOS shares. StockNews.com upgraded Mosaic from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. CIBC upped their target price on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. The Goldman Sachs Group initiated coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. Barclays reaffirmed an "overweight" rating and set a $40.00 price objective (up from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $30.00 to $40.00 in a report on Thursday, May 8th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.58.

Mosaic Stock Up 0.4%

Shares of NYSE:MOS traded up $0.15 during midday trading on Tuesday, hitting $35.50. 4,449,759 shares of the stock were exchanged, compared to its average volume of 4,700,374. The business's fifty day simple moving average is $28.27 and its two-hundred day simple moving average is $26.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $35.95. The company has a market capitalization of $11.26 billion, a PE ratio of 31.42, a P/E/G ratio of 1.42 and a beta of 1.09.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business earned $0.65 EPS. The business's quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.48%. Mosaic's dividend payout ratio (DPR) is 75.86%.

Mosaic Company 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.