Northern Trust Corp Buys 90,566 Shares of Mosaic Co (NYSE:MOS)

Northern Trust Corp increased its stake in shares of Mosaic Co (NYSE:MOS) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,172,982 shares of the basic materials company’s stock after purchasing an additional 90,566 shares during the quarter. Northern Trust Corp owned 1.86% of Mosaic worth $179,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. World Asset Management Inc lifted its stake in shares of Mosaic by 1.4% during the 2nd quarter. World Asset Management Inc now owns 30,468 shares of the basic materials company’s stock worth $763,000 after purchasing an additional 430 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Mosaic by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 53,888 shares of the basic materials company’s stock worth $1,472,000 after purchasing an additional 443 shares during the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of Mosaic by 4.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 11,800 shares of the basic materials company’s stock worth $322,000 after purchasing an additional 500 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Mosaic by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 34,605 shares of the basic materials company’s stock worth $866,000 after purchasing an additional 500 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Mosaic by 2.5% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 24,578 shares of the basic materials company’s stock worth $671,000 after purchasing an additional 591 shares during the last quarter. 74.96% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Cheryl K. Beebe bought 12,998 shares of Mosaic stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average price of $19.21 per share, with a total value of $249,691.58. Following the purchase, the director now owns 23,704 shares in the company, valued at $455,353.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by corporate insiders.



MOS has been the subject of a number of analyst reports. Cfra restated a “buy” rating and set a $27.00 price objective on shares of Mosaic in a research note on Monday. Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $31.00 in a research note on Wednesday, July 31st. BMO Capital Markets set a $27.00 price objective on Mosaic and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Cowen decreased their price objective on Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada decreased their price objective on Mosaic from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.81.

Shares of Mosaic stock traded down $0.03 on Thursday, hitting $21.96. The stock had a trading volume of 360,548 shares, compared to its average volume of 4,686,438. Mosaic Co has a 52-week low of $17.36 and a 52-week high of $37.37. The company has a current ratio of 1.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.44 and a beta of 1.64. The company’s 50 day moving average price is $20.92 and its 200 day moving average price is $24.31.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.18). Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Analysts predict that Mosaic Co will post 1.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, September 4th. Mosaic’s payout ratio is currently 9.43%.

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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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