Deprince Race & Zollo Inc. cut its stake in Mosaic Co. (NYSE:MOS) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,013,203 shares of the company’s stock after selling 29,902 shares during the period. Deprince Race & Zollo Inc.’s holdings in Mosaic were worth $26,526,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MOS. NN Investment Partners Holdings N.V. acquired a new stake in Mosaic during the first quarter valued at about $63,437,000. Hutchinson Capital Management CA acquired a new stake in Mosaic during the first quarter valued at about $16,814,000. BlackRock Fund Advisors raised its stake in Mosaic by 1.5% in the first quarter. BlackRock Fund Advisors now owns 5,431,026 shares of the company’s stock valued at $146,638,000 after buying an additional 81,644 shares during the last quarter. Franklin Resources Inc. raised its stake in Mosaic by 1.2% in the first quarter. Franklin Resources Inc. now owns 15,263,600 shares of the company’s stock valued at $412,117,000 after buying an additional 174,400 shares during the last quarter. Finally, RMB Capital Management LLC acquired a new stake in Mosaic during the first quarter valued at about $5,211,000. 88.91% of the stock is owned by institutional investors.
Shares of Mosaic Co. (NYSE:MOS) traded down 1.00% during mid-day trading on Tuesday, hitting $24.64. 4,266,952 shares of the stock were exchanged. The company’s 50-day moving average is $26.90 and its 200-day moving average is $26.94. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 15.53 and a beta of 1.39. Mosaic Co. has a 1-year low of $22.02 and a 1-year high of $36.95.
Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.06. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.81 billion. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The firm’s revenue for the quarter was down 32.7% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Equities research analysts anticipate that Mosaic Co. will post $0.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, September 6th. This represents a $1.10 annualized dividend and a yield of 4.46%. Mosaic’s dividend payout ratio (DPR) is currently 69.18%.
Several equities research analysts have recently issued reports on the stock. Vertical Research lowered shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Credit Suisse Group AG reaffirmed a “sell” rating and set a $21.00 price target on shares of Mosaic in a report on Wednesday, August 31st. Susquehanna lowered shares of Mosaic from a “positive” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $28.00 in a report on Wednesday, August 17th. Vetr lowered shares of Mosaic from a “buy” rating to a “sell” rating and set a $24.50 price target for the company. in a report on Wednesday, July 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 price target on shares of Mosaic in a report on Wednesday, August 3rd. Ten equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €28.75 ($31.94).
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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