Daiwa Securities Group Inc. Has $1.05 Million Holdings in The Mosaic Company (NYSE:MOS)

Daiwa Securities Group Inc. boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,399 shares of the basic materials company’s stock after purchasing an additional 1,615 shares during the period. Daiwa Securities Group Inc.’s holdings in Mosaic were worth $1,050,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MOS. International Assets Investment Management LLC raised its holdings in shares of Mosaic by 15.0% in the third quarter. International Assets Investment Management LLC now owns 7,251 shares of the basic materials company’s stock valued at $255,000 after buying an additional 945 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Mosaic during the third quarter worth approximately $243,000. HB Wealth Management LLC bought a new stake in shares of Mosaic during the third quarter valued at approximately $212,000. SG Americas Securities LLC increased its holdings in shares of Mosaic by 95.0% in the third quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock valued at $1,504,000 after purchasing an additional 20,585 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOS. Wells Fargo & Company increased their price objective on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Wolfe Research assumed coverage on Mosaic in a report on Friday, March 1st. They set an “outperform” rating and a $39.00 price objective for the company. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research note on Thursday, February 22nd. The Goldman Sachs Group lowered their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Finally, Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $40.27.

Mosaic Price Performance

NYSE MOS opened at $30.49 on Thursday. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.56 and a beta of 1.50. The Mosaic Company has a 52-week low of $29.25 and a 52-week high of $43.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The business has a 50 day simple moving average of $31.52 and a 200 day simple moving average of $33.36.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.11). The company 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 company’s revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. Analysts anticipate that The Mosaic Company will post 2.81 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. Mosaic’s payout ratio is presently 24.07%.

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 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.