Handelsbanken Fonder AB Purchases 80,780 Shares of The Mosaic Company (NYSE:MOS)

Handelsbanken Fonder AB increased its stake in The Mosaic Company (NYSE:MOS - Free Report) by 92.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,903 shares of the basic materials company's stock after purchasing an additional 80,780 shares during the period. Handelsbanken Fonder AB owned 0.05% of Mosaic worth $5,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MOS. Denali Advisors LLC grew its holdings in shares of Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock valued at $30,000 after buying an additional 414 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company's stock valued at $52,000 after buying an additional 318 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock valued at $55,000 after buying an additional 1,289 shares during the period. NBC Securities Inc. acquired a new position in shares of Mosaic in the 3rd quarter valued at $57,000. Finally, Planned Solutions Inc. acquired a new position in shares of Mosaic in the 4th quarter valued at $65,000. Institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MOS shares. Wells Fargo & Company boosted their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. Wolfe Research assumed coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price for the company. Mizuho lowered shares of Mosaic from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. TheStreet lowered shares of Mosaic from a "b-" rating to a "c+" rating in a research note on Tuesday, February 6th. Finally, Scotiabank raised shares of Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 target price for the company in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Mosaic presently has an average rating of "Hold" and a consensus target price of $40.27.

Mosaic Stock Down 0.2 %

Shares of Mosaic stock traded down $0.05 during trading hours on Friday, reaching $30.23. 2,670,272 shares of the company's stock were exchanged, compared to its average volume of 4,833,420. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $31.53 and a two-hundred day moving average of $33.34. The stock has a market cap of $9.72 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.56 and a beta of 1.50. The Mosaic Company has a fifty-two week low of $29.25 and a fifty-two week high of $43.99.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.11). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The firm's revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. On average, sell-side analysts forecast that The Mosaic Company will post 2.79 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.78%. Mosaic's payout ratio is 24.07%.

Mosaic 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.