Jolley Asset Management LLC lessened its stake in Mosaic Co (NYSE:MOS) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,388 shares of the basic materials company’s stock after selling 2,264 shares during the period. Mosaic comprises approximately 4.0% of Jolley Asset Management LLC’s investment portfolio, making the stock its largest holding. Jolley Asset Management LLC’s holdings in Mosaic were worth $5,989,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MOS. Piedmont Investment Advisors LLC purchased a new position in shares of Mosaic during the 2nd quarter valued at approximately $115,000. Rehmann Capital Advisory Group lifted its position in shares of Mosaic by 12,038.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after buying an additional 4,695 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Mosaic during the 2nd quarter valued at approximately $144,000. Whittier Trust Co. lifted its position in shares of Mosaic by 123.2% during the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,860 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Mosaic during the 3rd quarter valued at approximately $175,000. Institutional investors and hedge funds own 74.58% of the company’s stock.
MOS stock traded down $0.21 during midday trading on Thursday, reaching $32.84. The stock had a trading volume of 359,417 shares, compared to its average volume of 4,316,764. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.61. The firm has a market capitalization of $12.52 billion, a P/E ratio of 30.50, a PEG ratio of 2.73 and a beta of 1.54. Mosaic Co has a 52-week low of $20.75 and a 52-week high of $34.01.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.30 billion. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. On average, equities analysts forecast that Mosaic Co will post 1.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Mosaic’s payout ratio is currently 9.17%.
A number of research analysts have recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $30.00 target price (up previously from $28.00) on shares of Mosaic in a research report on Tuesday, August 7th. Citigroup increased their target price on Mosaic from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, July 11th. UBS Group upgraded Mosaic from a “neutral” rating to a “positive” rating in a research report on Wednesday, June 27th. Morgan Stanley set a $36.00 target price on Mosaic and gave the company a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.62.
In other news, Director Luciano Siani Pires acquired 2,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were bought at an average price of $29.68 per share, for a total transaction of $59,360.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $59,360. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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.
Recommended Story: Why Dividend Stocks May Be Right for You
Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mosaic Co (NYSE:MOS).
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.