Nikko Asset Management Americas Inc. cut its stake in shares of Mosaic Co (NYSE:MOS) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,468 shares of the basic materials company’s stock after selling 13,953 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Mosaic were worth $2,640,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new position in Mosaic during the first quarter valued at approximately $41,000. Rational Advisors LLC boosted its position in Mosaic by 2,825.9% during the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 1,526 shares during the last quarter. Squar Milner Financial Services LLC boosted its position in Mosaic by 1,452.1% during the second quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,757 shares during the last quarter. Private Capital Group LLC raised its stake in Mosaic by 57.6% in the first quarter. Private Capital Group LLC now owns 1,896 shares of the basic materials company’s stock valued at $52,000 after buying an additional 693 shares during the period. Finally, CWM LLC raised its stake in Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock valued at $55,000 after buying an additional 1,957 shares during the period. 74.24% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on MOS. ValuEngine lowered Mosaic from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Bank of America upgraded Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, June 17th. BMO Capital Markets set a $27.00 price objective on Mosaic and gave the company a “hold” rating in a research note on Wednesday. Cowen restated an “outperform” rating and issued a $30.00 price objective (up previously from $26.00) on shares of Mosaic in a research note on Tuesday, June 25th. Finally, Standpoint Research upgraded Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.94.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.31 billion. Mosaic had a return on equity of 6.87% and a net margin of 2.70%. Mosaic’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. On average, research analysts predict that Mosaic Co will post 1.24 EPS for the current fiscal year.
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 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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