Polaris Greystone Financial Group LLC acquired a new stake in shares of Mosaic Co (NYSE:MOS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 718,322 shares of the basic materials company’s stock, valued at approximately $15,817,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT increased its stake in shares of Mosaic by 0.6% during 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 acquiring an additional 714 shares during the last quarter. Banco Santander S.A. increased its stake in shares of Mosaic by 3.4% during the 3rd quarter. Banco Santander S.A. now owns 24,252 shares of the basic materials company’s stock valued at $497,000 after acquiring an additional 794 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Mosaic by 2.9% during the 3rd quarter. Moors & Cabot Inc. now owns 38,740 shares of the basic materials company’s stock valued at $793,000 after acquiring an additional 1,102 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of Mosaic by 8.0% during the 4th quarter. OLD National Bancorp IN now owns 17,258 shares of the basic materials company’s stock valued at $374,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Edge Wealth Management LLC increased its stake in shares of Mosaic by 36.6% during the 3rd quarter. Edge Wealth Management LLC now owns 5,188 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 1,390 shares during the last quarter. 74.59% of the stock is owned by institutional investors.
MOS has been the subject of a number of research reports. CIBC reiterated a “buy” rating and set a $25.00 target price on shares of Mosaic in a report on Thursday, November 7th. Stifel Nicolaus decreased their target price on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on Mosaic from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, December 12th. Finally, Cfra reiterated a “buy” rating and set a $26.00 target price on shares of Mosaic in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.50.
NYSE MOS traded down $0.06 on Friday, reaching $20.11. The company had a trading volume of 285,284 shares, compared to its average volume of 4,123,749. The firm has a market capitalization of $7.31 billion, a PE ratio of -251.47, a P/E/G ratio of 3.25 and a beta of 1.65. Mosaic Co has a 1 year low of $17.36 and a 1 year high of $33.91. The firm has a 50-day moving average of $20.68 and a 200-day moving average of $20.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.67.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, sell-side analysts expect that Mosaic Co will post 0.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, March 4th. Mosaic’s dividend payout ratio is presently 9.43%.
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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