BNP Paribas Financial Markets Buys 237,508 Shares of The Mosaic Company (NYSE:MOS)

BNP Paribas Financial Markets raised its position in shares of The Mosaic Company (NYSE:MOSFree Report) by 85.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,070 shares of the basic materials company’s stock after buying an additional 237,508 shares during the quarter. BNP Paribas Financial Markets’ holdings in Mosaic were worth $18,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC increased its stake in Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Janiczek Wealth Management LLC increased its stake in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the period. NBC Securities Inc. bought a new stake in Mosaic during the 3rd quarter valued at about $57,000. Planned Solutions Inc. purchased a new stake in Mosaic in the 4th quarter valued at about $65,000. Finally, CVA Family Office LLC bought a new position in Mosaic in the 4th quarter worth about $79,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Up 2.1 %

MOS opened at $30.08 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 12.80 and a beta of 1.51. The business has a fifty day moving average price of $31.17 and a 200 day moving average price of $32.80. The Mosaic Company has a 12 month low of $27.83 and a 12 month high of $42.81.

Mosaic (NYSE:MOSGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. Sell-side analysts expect that The Mosaic Company will post 2.77 earnings per share 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. This represents a $0.84 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is currently 35.74%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MOS. Wolfe Research began coverage on shares of Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 price objective for the company. Barclays reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group cut their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Scotiabank dropped their price objective on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Finally, TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.36.

Get Our Latest Report on Mosaic

Mosaic Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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