Amundi Buys 77,837 Shares of The Mosaic Company $MOS

Amundi raised its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575,155 shares of the basic materials company's stock after buying an additional 77,837 shares during the period. Amundi owned about 0.50% of Mosaic worth $33,378,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Mosaic by 3,533.0% in the second quarter. HighTower Advisors LLC now owns 620,328 shares of the basic materials company's stock worth $13,145,000 after buying an additional 603,253 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Mosaic in the 2nd quarter valued at approximately $957,000. California State Teachers Retirement System boosted its position in shares of Mosaic by 2,028.8% during the second quarter. California State Teachers Retirement System now owns 7,801,332 shares of the basic materials company's stock valued at $165,310,000 after purchasing an additional 7,434,866 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Mosaic during the second quarter valued at approximately $32,000. Finally, HB Wealth Management LLC grew its stake in Mosaic by 35.5% in the second quarter. HB Wealth Management LLC now owns 28,746 shares of the basic materials company's stock worth $609,000 after purchasing an additional 7,536 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Insider Transactions at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

MOS has been the subject of a number of research reports. Berenberg Bank decreased their price objective on Mosaic from $28.00 to $27.00 and set a "hold" rating for the company in a report on Tuesday, May 19th. Zacks Research raised shares of Mosaic from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Scotiabank reiterated an "outperform" rating and issued a $30.00 price target on shares of Mosaic in a research note on Tuesday, May 19th. Wells Fargo & Company lowered their price target on shares of Mosaic from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, May 14th. Finally, BNP Paribas Exane dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $27.17.

Mosaic Stock Down 3.0%

Mosaic stock opened at $25.43 on Friday. The Mosaic Company has a 12 month low of $19.80 and a 12 month high of $36.99. The stock has a fifty day simple moving average of $23.08 and a two-hundred day simple moving average of $23.80. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of -12.59, a PEG ratio of 4.74 and a beta of 0.83.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned $0.51 EPS. Mosaic's revenue for the quarter was down 6.0% on a year-over-year basis. Equities analysts predict that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, September 10th. Mosaic's dividend payout ratio (DPR) is presently -43.56%.

About Mosaic

The Mosaic Company NYSE: MOS is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic's operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.

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