The Mosaic Company $MOS Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has reduced its stake in The Mosaic Company by 16.6%, now holding approximately 1,620,146 shares valued at around $59 million.
• Mosaic Company reported $0.51 EPS for the last quarter, falling short of analysts' expectations of $0.71, with quarterly revenue of $3.01 billion.
• The company recently declared a quarterly dividend of $0.22 per share, reflecting an annualized dividend yield of 3.0%.

Allianz Asset Management GmbH reduced its position in The Mosaic Company (NYSE:MOS - Free Report) by 16.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,620,146 shares of the basic materials company's stock after selling 322,117 shares during the period. Allianz Asset Management GmbH owned about 0.51% of Mosaic worth $59,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bangor Savings Bank acquired a new position in shares of Mosaic in the 2nd quarter valued at $26,000. Reyes Financial Architecture Inc. acquired a new position in shares of Mosaic in the 2nd quarter valued at $31,000. Geneos Wealth Management Inc. lifted its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 601 shares during the period. Grove Bank & Trust lifted its stake in shares of Mosaic by 88.8% in the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 474 shares during the period. Finally, Allworth Financial LP raised its position in Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of NYSE MOS opened at $29.29 on Friday. The firm has a 50-day simple moving average of $33.09 and a 200-day simple moving average of $33.12. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.00. 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 Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued 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). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. 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 3.0%. Mosaic's dividend payout ratio is currently 29.83%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MOS shares. Barclays decreased their price objective on shares of Mosaic from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. UBS Group decreased their price objective on shares of Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday. Royal Bank Of Canada downgraded shares of Mosaic from an "outperform" rating to a "sector perform" rating and set a $30.00 price objective on the stock. in a report on Friday, October 10th. Finally, Oppenheimer reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.