Man Group plc boosted its position in The Mosaic Company (NYSE:MOS - Free Report) by 535.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 407,380 shares of the basic materials company's stock after purchasing an additional 343,222 shares during the quarter. Man Group plc owned approximately 0.13% of Mosaic worth $10,013,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd bought a new position in Mosaic in the fourth quarter worth about $33,000. Tobam bought a new position in Mosaic in the fourth quarter worth about $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic during the fourth quarter valued at about $41,000. Finally, Ethos Financial Group LLC acquired a new position in shares of Mosaic during the fourth quarter valued at about $55,000. 77.54% of the stock is currently owned by institutional investors.
Mosaic Stock Performance
Mosaic stock traded up $0.12 during mid-day trading on Friday, hitting $35.13. The company had a trading volume of 2,932,756 shares, compared to its average volume of 4,708,614. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $35.96. The company's fifty day moving average is $29.00 and its 200-day moving average is $27.06. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.42 and a beta of 1.09.
Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The business's quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.
Mosaic Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.50%. Mosaic's dividend payout ratio is presently 75.86%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. UBS Group upped their price objective on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Barclays restated an "overweight" rating and set a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. Finally, BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.58.
View Our Latest Stock Analysis on Mosaic
About Mosaic
(
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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