Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in The Mosaic Company $MOS

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in The Mosaic Company (NYSE:MOS) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,978 shares of the basic materials company’s stock after purchasing an additional 48,108 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Mosaic worth $12,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MOS. Parkside Financial Bank & Trust increased its holdings in Mosaic by 59.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,548 shares of the basic materials company’s stock valued at $56,000 after buying an additional 575 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Mosaic during the 2nd quarter worth about $3,668,000. Metis Global Partners LLC grew its position in shares of Mosaic by 23.8% during the 2nd quarter. Metis Global Partners LLC now owns 34,841 shares of the basic materials company’s stock valued at $1,271,000 after acquiring an additional 6,705 shares during the period. Marco Investment Management LLC grew its position in shares of Mosaic by 1.6% during the 2nd quarter. Marco Investment Management LLC now owns 43,650 shares of the basic materials company’s stock valued at $1,592,000 after acquiring an additional 700 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Mosaic by 75.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 236,925 shares of the basic materials company’s stock valued at $8,643,000 after purchasing an additional 101,715 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a research report on Wednesday, October 8th. Royal Bank Of Canada raised Mosaic from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group decreased their target price on Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays dropped their price target on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, CIBC reduced their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and an average target price of $34.15.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $25.41 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The firm has a market capitalization of $8.06 billion, a PE ratio of 8.61, a P/E/G ratio of 0.94 and a beta of 1.00. The business’s 50 day moving average price is $31.27 and its 200-day moving average price is $33.43.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm’s revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, September 8th. Mosaic’s dividend payout ratio is 22.80%.

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.