Voloridge Investment Management LLC bought a new position in shares of Mosaic Co (NYSE:MOS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 217,371 shares of the basic materials company’s stock, valued at approximately $4,456,000. Voloridge Investment Management LLC owned 0.06% of Mosaic at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of MOS. Bradley Foster & Sargent Inc. CT grew its position in shares of Mosaic by 0.6% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 116,144 shares of the basic materials company’s stock valued at $2,381,000 after purchasing an additional 714 shares during the period. Cim Investment Mangement Inc. grew its position in shares of Mosaic by 4.0% in the 2nd quarter. Cim Investment Mangement Inc. now owns 19,873 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 765 shares during the period. Banco Santander S.A. grew its position in shares of Mosaic by 3.4% in the 3rd quarter. Banco Santander S.A. now owns 24,252 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 794 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Mosaic by 0.9% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 89,204 shares of the basic materials company’s stock valued at $2,233,000 after purchasing an additional 800 shares during the period. Finally, Berman Capital Advisors LLC grew its position in shares of Mosaic by 21.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 4,740 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 830 shares during the period. Institutional investors own 74.22% of the company’s stock.
In other Mosaic news, Director William T. Monahan purchased 2,360 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the purchase, the director now owns 39,235 shares in the company, valued at $829,820.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by corporate insiders.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Mosaic Co will post 0.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, December 4th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.
A number of equities analysts have weighed in on MOS shares. JPMorgan Chase & Co. downgraded Mosaic from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Wednesday, November 13th. Royal Bank of Canada reduced their price target on Mosaic from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, September 27th. They noted that the move was a valuation call. ValuEngine raised Mosaic from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus reduced their price target on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Finally, Cowen reduced their price target on Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.63.
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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