KLP Kapitalforvaltning AS Has $2.77 Million Position in The Mosaic Company $MOS

Key Points

• KLP Kapitalforvaltning AS increased its stake in The Mosaic Company by 23.5%, holding 75,800 shares valued at approximately $2.77 million.
• Mosaic reported a missed earnings estimate for the recent quarter, with earnings per share at $0.51 compared to the consensus of $0.71, and a revenue of $3.01 billion below the expected $3.11 billion.
• The company recently announced a quarterly dividend of $0.22 per share, resulting in an annualized dividend yield of 2.9%.

KLP Kapitalforvaltning AS lifted its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 23.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,800 shares of the basic materials company's stock after acquiring an additional 14,400 shares during the period. KLP Kapitalforvaltning AS's holdings in Mosaic were worth $2,765,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Mosaic by 36.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock valued at $1,520,000 after acquiring an additional 14,943 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Mosaic by 1.3% in the first quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock valued at $1,436,000 after acquiring an additional 685 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Mosaic in the first quarter valued at about $1,119,000. Wealth Enhancement Advisory Services LLC lifted its position in Mosaic by 19.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company's stock worth $1,275,000 after purchasing an additional 7,828 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Mosaic by 12.8% in the first quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company's stock worth $636,000 after acquiring an additional 2,663 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS opened at $30.39 on Friday. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The business's fifty day moving average is $33.42 and its 200 day moving average is $33.07. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.64 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.46 and a beta of 1.00.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Mosaic's revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 8th. Mosaic's dividend payout ratio (DPR) is currently 29.83%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MOS. UBS Group dropped their target price on shares of Mosaic from $46.00 to $44.00 and set a "buy" rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Wells Fargo & Company lowered their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Mosaic in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.83.

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.

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