Mitsubishi UFJ Asset Management UK Ltd. Acquires 21,000 Shares of The Mosaic Company $MOS

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. significantly increased its stake in The Mosaic Company by acquiring an additional 21,000 shares, raising its total holdings to 25,000 shares valued at approximately $912,000.
• The Mosaic Company reported earnings of $0.51 per share for the last quarter, which was below analysts' expectations of $0.71, along with a revenue of $3.01 billion against a forecast of $3.11 billion.
• Mosaic recently announced a quarterly dividend of $0.22, reflecting an annualized dividend yield of 2.5%, and has a dividend payout ratio of 29.83% of its earnings.

Mitsubishi UFJ Asset Management UK Ltd. increased its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 525.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,000 shares of the basic materials company's stock after acquiring an additional 21,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Mosaic were worth $912,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ancora Advisors LLC boosted its stake in shares of Mosaic by 0.9% during the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock valued at $1,087,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC boosted its position in shares of Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after buying an additional 380 shares during the last quarter. Twin Capital Management Inc. raised its holdings in shares of Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after purchasing an additional 384 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Mosaic by 25.7% in the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company's stock worth $69,000 after buying an additional 387 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its position in Mosaic by 12.0% in the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock worth $116,000 after purchasing an additional 450 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Price Performance

NYSE:MOS opened at $34.64 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The company has a 50 day moving average price of $33.82 and a 200-day moving average price of $32.70. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.99.

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

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. Mosaic's dividend payout ratio is 29.83%.

Analyst Ratings Changes

A number of equities analysts recently commented on MOS shares. UBS Group raised their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays lifted their price target on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Oppenheimer reissued an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Finally, Scotiabank reduced their target price on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

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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