US Bancorp DE decreased its stake in Mosaic Co (NYSE:MOS) by 30.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,466 shares of the basic materials company’s stock after selling 7,544 shares during the period. US Bancorp DE’s holdings in Mosaic were worth $568,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. grew its stake in Mosaic by 1,148.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 642,975 shares of the basic materials company’s stock valued at $20,883,000 after purchasing an additional 591,488 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Mosaic in the third quarter valued at approximately $812,000. Robecosam AG grew its stake in Mosaic by 107.3% in the third quarter. Robecosam AG now owns 38,864 shares of the basic materials company’s stock valued at $1,254,000 after purchasing an additional 20,112 shares in the last quarter. Acadian Asset Management LLC grew its stake in Mosaic by 567.1% in the third quarter. Acadian Asset Management LLC now owns 34,214 shares of the basic materials company’s stock valued at $1,112,000 after purchasing an additional 29,085 shares in the last quarter. Finally, Conning Inc. bought a new position in Mosaic in the third quarter valued at approximately $208,000. 77.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on MOS. BMO Capital Markets restated a “hold” rating and issued a $30.00 price target (up from $28.00) on shares of Mosaic in a research note on Tuesday, August 7th. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. Citigroup raised their price target on Mosaic from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, October 23rd. Finally, Credit Suisse Group lifted their target price on Mosaic from $25.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.79.
Mosaic (NYSE:MOS) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter was up 47.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, research analysts expect that Mosaic Co will post 1.9 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.29%. Mosaic’s dividend payout ratio (DPR) is presently 9.17%.
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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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