Bank of Hawaii lowered its stake in shares of Mosaic Co (NYSE:MOS) by 9.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,339 shares of the basic materials company’s stock after selling 3,318 shares during the period. Bank of Hawaii’s holdings in Mosaic were worth $1,018,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Mosaic by 4.6% in the first quarter. Principal Financial Group Inc. now owns 758,509 shares of the basic materials company’s stock valued at $18,417,000 after purchasing an additional 33,619 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Mosaic by 8.9% in the second quarter. Xact Kapitalforvaltning AB now owns 67,612 shares of the basic materials company’s stock valued at $1,897,000 after purchasing an additional 5,517 shares during the last quarter. Bank of Montreal Can bought a new position in Mosaic in the second quarter valued at about $3,041,000. Nisa Investment Advisors LLC bought a new position in Mosaic in the second quarter valued at about $780,000. Finally, Cornerstone Wealth Management LLC bought a new position in Mosaic in the second quarter valued at about $880,000. 77.84% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on MOS shares. Royal Bank of Canada increased their target price on Mosaic from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Susquehanna Bancshares raised their price objective on Mosaic from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, August 27th. Morgan Stanley raised their price objective on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. Finally, Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $40.00 in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Mosaic presently has an average rating of “Buy” and an average price target of $35.79.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The firm’s revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, research analysts anticipate that Mosaic Co will post 1.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. Mosaic’s payout ratio is currently 9.17%.
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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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