Janus Henderson Group PLC raised its stake in The Mosaic Company (NYSE:MOS - Free Report) by 64.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,748 shares of the basic materials company's stock after purchasing an additional 174,748 shares during the period. Janus Henderson Group PLC owned 0.14% of Mosaic worth $11,004,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of MOS. Czech National Bank raised its holdings in Mosaic by 6.1% in the 4th quarter. Czech National Bank now owns 68,872 shares of the basic materials company's stock valued at $1,693,000 after acquiring an additional 3,963 shares during the period. Merit Financial Group LLC raised its position in shares of Mosaic by 10.6% in the 4th quarter. Merit Financial Group LLC now owns 21,038 shares of the basic materials company's stock valued at $517,000 after buying an additional 2,008 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Lake Hills Wealth Management LLC bought a new position in Mosaic in the fourth quarter valued at approximately $221,000. Finally, Impact Partnership Wealth LLC acquired a new position in Mosaic during the fourth quarter valued at approximately $326,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised 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. UBS Group boosted their target price on Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Barclays reissued an "overweight" rating and issued a $40.00 target price (up previously from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. Finally, CIBC lifted their price target on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.
Check Out Our Latest Stock Analysis on MOS
Mosaic Trading Up 0.4%
Shares of NYSE:MOS traded up $0.15 during mid-day trading on Tuesday, reaching $35.50. 4,449,759 shares of the company's stock were exchanged, compared to its average volume of 4,700,374. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $35.95. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.42 and a beta of 1.09. The business's fifty day moving average price is $28.48 and its 200-day moving average price is $26.91.
Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $0.65 earnings per share. The firm's revenue was down 2.2% compared to the same quarter last year. 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, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio is currently 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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