Woodline Partners LP acquired a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,076 shares of the basic materials company's stock, valued at approximately $469,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Mosaic during the fourth quarter worth $97,363,000. Invesco Ltd. grew its holdings in Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after buying an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after buying an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. bought a new stake in Mosaic during the fourth quarter worth $36,231,000. Finally, Covalis Capital LLP bought a new stake in Mosaic during the fourth quarter worth $27,031,000. Institutional investors own 77.54% of the company's stock.
Analyst Ratings Changes
MOS has been the subject of several recent research reports. Mizuho decreased their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group initiated coverage on Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $30.00 to $40.00 in a research note on Thursday, May 8th. Scotiabank restated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upped their price objective on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and an average price target of $34.58.
Get Our Latest Stock Report on MOS
Mosaic Stock Performance
Shares of NYSE MOS traded up $0.26 during trading on Friday, reaching $36.17. 6,943,846 shares of the stock traded hands, compared to its average volume of 4,699,944. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $36.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a 50-day moving average of $29.81 and a 200-day moving average of $27.37. The stock has a market capitalization of $11.47 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.
Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.
Mosaic Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.43%. Mosaic's dividend payout ratio (DPR) is 75.86%.
About Mosaic
(
Free Report)
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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