The Mosaic Company $MOS Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in The Mosaic Company by 61.3%, now holding 537,494 shares valued at $14.52 million as of its latest filing.
• Mosaic reported $0.51 EPS for the last quarter, missing the consensus estimate, while its total revenue was $3.01 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.22 per share, with a yield of 2.6%, payable on September 18th to investors on record as of September 8th.

Swedbank AB lowered its stake in The Mosaic Company (NYSE:MOS - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,494 shares of the basic materials company's stock after selling 849,838 shares during the period. Swedbank AB owned approximately 0.17% of Mosaic worth $14,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC grew its position in Mosaic by 0.9% in the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock worth $1,087,000 after acquiring an additional 350 shares in the last quarter. 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 period. Twin Capital Management Inc. boosted its position 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 buying an additional 384 shares during the period. Strengthening Families & Communities LLC boosted its position in shares of Mosaic by 12.0% during the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after buying an additional 450 shares during the period. Finally, Fruth Investment Management boosted its position in shares of Mosaic by 2.7% during the first quarter. Fruth Investment Management now owns 19,150 shares of the basic materials company's stock valued at $517,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.7%

Shares of MOS stock traded down $0.25 during trading hours on Friday, reaching $33.97. 4,302,160 shares of the company's stock were exchanged, compared to its average volume of 3,916,739. The stock's 50 day moving average is $33.97 and its 200-day moving average is $32.18. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 11.52, a P/E/G 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 Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly 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 analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Mosaic's dividend payout ratio is presently 29.83%.

Analyst Ratings Changes

A number of analysts recently issued reports on MOS shares. Wall Street Zen lowered Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Scotiabank lowered their price target on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a report on Monday, August 11th. Barclays boosted their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, UBS Group boosted their price target on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two equities 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 data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

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.