The Mosaic Company $MOS Stock Position Reduced by Royal Bank of Canada

Royal Bank of Canada trimmed its position in The Mosaic Company (NYSE:MOS - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 847,316 shares of the basic materials company's stock after selling 55,868 shares during the quarter. Royal Bank of Canada owned about 0.27% of Mosaic worth $22,885,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MOS. Boston Partners increased its holdings in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after purchasing an additional 2,368,094 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Mosaic during the first quarter valued at approximately $54,953,000. GMT Capital Corp purchased a new stake in shares of Mosaic in the first quarter valued at approximately $47,211,000. Nuveen LLC purchased a new stake in shares of Mosaic in the first quarter valued at approximately $33,897,000. Finally, Victory Capital Management Inc. lifted its holdings in Mosaic by 606.2% during the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock worth $37,526,000 after buying an additional 1,192,602 shares during the period. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. 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 research report on Thursday, August 7th. Finally, UBS Group upped their target price on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Trading Up 0.0%

Shares of MOS stock traded up $0.02 during mid-day trading on Friday, reaching $33.70. The company's stock had a trading volume of 3,338,821 shares, compared to its average volume of 3,998,796. The company's 50 day simple moving average is $34.26 and its 200-day simple moving average is $31.88. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. 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 firm has a market capitalization of $10.69 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99.

Mosaic (NYSE:MOS - Get Free Report) last announced 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). The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, September 8th will be given a $0.22 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 2.6%. Mosaic's dividend payout ratio (DPR) is currently 29.83%.

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.