American International Group Inc. lifted its position in Mosaic Co (NYSE:MOS) by 6.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 158,017 shares of the basic materials company’s stock after acquiring an additional 9,437 shares during the quarter. American International Group Inc.’s holdings in Mosaic were worth $5,132,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Boston Partners grew its stake in shares of Mosaic by 4,666.5% in the 2nd quarter. Boston Partners now owns 8,543,454 shares of the basic materials company’s stock worth $239,644,000 after acquiring an additional 8,364,214 shares in the last quarter. Investec Asset Management LTD bought a new stake in shares of Mosaic in the 2nd quarter worth $127,458,000. FMR LLC grew its stake in shares of Mosaic by 52.6% in the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock worth $331,871,000 after acquiring an additional 4,080,426 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Mosaic by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock worth $235,621,000 after acquiring an additional 2,385,147 shares in the last quarter. Finally, Ashler Capital LLC bought a new stake in shares of Mosaic in the 2nd quarter worth $49,914,000. Hedge funds and other institutional investors own 75.65% of the company’s stock.
MOS has been the subject of several recent analyst reports. Royal Bank of Canada set a $45.00 target price on shares of Mosaic and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded shares of 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. Morgan Stanley upped their target price on shares of Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, October 18th. Barclays initiated coverage on shares of Mosaic in a research note on Tuesday, September 4th. They issued an “equal weight” rating and a $34.00 target price for the company. Finally, TheStreet upgraded shares of Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.79.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.11. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Analysts predict that Mosaic Co will post 1.9 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.29%. Mosaic’s payout ratio is currently 9.17%.
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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