MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 19,030 Shares of The Mosaic Company $MOS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Mosaic Company by 19.0%, acquiring an additional 19,030 shares during the 1st quarter, bringing total holdings to 119,235 shares valued at approximately $3.22 million.
• Analysts have recently revised their price targets for Mosaic, with Barclays raising its target from $40.00 to $46.00 and JPMorgan increasing its target to $37.00, while the stock holds a consensus rating of "Moderate Buy".
• Mosaic announced a quarterly dividend of $0.22 per share, set to be paid on September 18th, representing an annualized dividend yield of 2.6%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in The Mosaic Company (NYSE:MOS - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 119,235 shares of the basic materials company's stock after buying an additional 19,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Mosaic were worth $3,221,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in Mosaic in the first quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Mosaic in the first quarter worth about $27,000. Allworth Financial LP raised its holdings in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after buying an additional 537 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Mosaic in the fourth quarter worth about $41,000. Finally, Summit Securities Group LLC purchased a new position in Mosaic in the first quarter worth about $64,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Oppenheimer reissued an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Stock Performance

MOS stock traded up $0.06 during midday trading on Thursday, reaching $34.22. 3,572,949 shares of the company's stock traded hands, compared to its average volume of 3,912,909. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The stock has a market cap of $10.86 billion, a P/E ratio of 11.60, a PEG ratio of 1.59 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average is $34.02 and its 200 day moving average is $32.10.

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

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. Mosaic's dividend payout ratio is currently 29.83%.

About Mosaic

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.