82,522 Shares of The Mosaic Company $MOS Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a Mosaic position, buying 82,522 shares worth approximately $1.79 million in the third quarter. Other institutional investors also increased or opened positions; institutions own 77.54% of the stock.
• Mosaic reported a quarterly loss of $0.19 per share, missing the $0.01 loss consensus, while revenue of $3.10 billion topped estimates but fell 10.2% year over year. The company declared a quarterly dividend of $0.22 per share, equivalent to a 3.9% yield.
• Analysts’ consensus rating is Hold, with an average price target of $25.68. Shares opened at $22.32, and an executive separately sold 23,000 shares.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 82,522 shares of the basic materials company's stock, valued at approximately $1,787,000.

Other large investors have also recently modified their holdings of the company. Vise Technologies Inc. grew its stake in Mosaic by 79.6% in the 3rd quarter. Vise Technologies Inc. now owns 27,634 shares of the basic materials company's stock valued at $598,000 after buying an additional 12,247 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in Mosaic by 13.6% during the 3rd quarter. Cidel Asset Management Inc. now owns 14,636 shares of the basic materials company's stock valued at $317,000 after acquiring an additional 1,751 shares during the period. State of Wyoming raised its holdings in Mosaic by 26.8% during the 3rd quarter. State of Wyoming now owns 25,658 shares of the basic materials company's stock valued at $555,000 after acquiring an additional 5,427 shares during the period. Soltis Investment Advisors LLC purchased a new stake in shares of Mosaic during the third quarter worth $251,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of Mosaic during the third quarter worth $560,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of Mosaic stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company's stock, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.31% of the company's stock.

Mosaic Stock Down 0.1%

MOS stock opened at $22.32 on Friday. The company's 50 day moving average is $21.72 and its 200 day moving average is $23.77. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -6.30, a price-to-earnings-growth ratio of 7.06 and a beta of 0.88. The company has a current ratio of 1.50, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The Mosaic Company has a 1-year low of $16.99 and a 1-year high of $32.25.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Mosaic had a negative net margin of 9.43% and a positive return on equity of 0.58%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. Sell-side analysts predict that The Mosaic Company will post 0.11 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 3.9%. Mosaic's dividend payout ratio (DPR) is -24.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho set a $20.00 price target on Mosaic in a report on Wednesday. Freedom Broker upgraded Mosaic from a "sell" rating to a "hold" rating and set a $17.00 price objective on the stock in a research note on Monday, November 2nd. Wall Street Zen cut Mosaic from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. KeyCorp assumed coverage on Mosaic in a report on Thursday, September 10th. They set a "sector weight" rating on the stock. Finally, Canadian Imperial Bank of Commerce cut their target price on Mosaic from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of "Hold" and a consensus price target of $25.68.

About Mosaic

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

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