Zacks Investment Management Lowers Stake in Mosaic Co (MOS)

Zacks Investment Management reduced its position in shares of Mosaic Co (NYSE:MOS) by 7.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 46,927 shares of the basic materials company’s stock after selling 3,665 shares during the quarter. Zacks Investment Management’s holdings in Mosaic were worth $1,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners lifted its position in Mosaic by 4,666.5% in the second quarter. Boston Partners now owns 8,543,454 shares of the basic materials company’s stock worth $239,644,000 after buying an additional 8,364,214 shares during the last quarter. Investec Asset Management LTD bought a new stake in Mosaic in the second quarter worth $127,458,000. FMR LLC lifted its position in Mosaic by 52.6% in the second quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock worth $331,871,000 after buying an additional 4,080,426 shares during the last quarter. Ashler Capital LLC bought a new stake in Mosaic in the second quarter worth $49,914,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Mosaic by 90.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,731,933 shares of the basic materials company’s stock worth $42,052,000 after buying an additional 823,232 shares during the last quarter. Hedge funds and other institutional investors own 74.59% of the company’s stock.

MOS stock opened at $30.79 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.61. Mosaic Co has a twelve month low of $20.39 and a twelve month high of $32.32. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.55.

Mosaic (NYSE:MOS) last released its earnings results on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue was up 25.7% compared to the same quarter last year. sell-side analysts predict that Mosaic Co will post 1.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.32%. Mosaic’s payout ratio is 9.17%.

In other Mosaic news, Director Luciano Siani Pires bought 2,000 shares of Mosaic stock in a transaction on Thursday, August 16th. The shares were acquired at an average price of $29.68 per share, for a total transaction of $59,360.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $59,360. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Citigroup raised their price target on Mosaic from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Cowen raised their price target on Mosaic from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Susquehanna Bancshares raised their price target on Mosaic from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, August 27th. Finally, Standpoint Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Mosaic has an average rating of “Hold” and a consensus target price of $31.49.

Mosaic Company Profile

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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