The Mosaic Company $MOS Position Trimmed by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in The Mosaic Company by 86.5% during Q2, leaving it with 49,108 shares valued at approximately $1.79 million.
• The company reported a quarterly EPS of $0.51, missing analysts' expectations of $0.71, despite a 6.7% increase in revenue year-over-year to $3.01 billion.
• Mosaic recently declared a quarterly dividend of $0.22 per share, yielding 2.5%, with a payout ratio of 29.83%.

Assenagon Asset Management S.A. trimmed its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 86.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,108 shares of the basic materials company's stock after selling 314,596 shares during the period. Assenagon Asset Management S.A.'s holdings in Mosaic were worth $1,791,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Mosaic during the first quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its holdings in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after buying an additional 601 shares in the last quarter. Bangor Savings Bank acquired a new position in Mosaic in the 2nd quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Mosaic in the 1st quarter worth approximately $27,000. Finally, Allworth Financial LP boosted its stake in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MOS. 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 note on Thursday, August 7th. Wall Street Zen lowered shares of Mosaic from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group raised their price objective on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Finally, Barclays raised their price objective on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Mosaic has a consensus rating of "Moderate Buy" and an average target price of $36.42.

Mosaic Stock Up 1.5%

MOS stock opened at $35.30 on Friday. 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 company has a market cap of $11.20 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.62 and a beta of 0.99. The company has a 50 day moving average of $33.86 and a two-hundred day moving average of $32.52.

Mosaic (NYSE:MOS - Get Free Report) last released 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). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate 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 issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. 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.

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