Principal Financial Group Inc. lowered its stake in shares of Mosaic Co. (NYSE:MOS) by 3.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 514,279 shares of the company’s stock after selling 15,721 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Mosaic worth $13,464,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MOS. Meeder Asset Management Inc. bought a new position in Mosaic during the first quarter valued at $343,000. State Street Corp boosted its position in Mosaic by 9.7% in the first quarter. State Street Corp now owns 18,789,606 shares of the company’s stock valued at $507,317,000 after buying an additional 1,666,573 shares during the period. BB&T Securities LLC boosted its position in Mosaic by 8.3% in the first quarter. BB&T Securities LLC now owns 42,417 shares of the company’s stock valued at $1,145,000 after buying an additional 3,242 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Mosaic during the first quarter valued at $8,435,000. Finally, Willis Investment Counsel boosted its position in Mosaic by 2.9% in the first quarter. Willis Investment Counsel now owns 114,695 shares of the company’s stock valued at $3,097,000 after buying an additional 3,230 shares during the period. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Mosaic Co. (NYSE:MOS) opened at 24.58 on Friday. The company has a market capitalization of $8.61 billion, a P/E ratio of 15.49 and a beta of 1.38. The stock’s 50 day moving average price is $26.64 and its 200 day moving average price is $26.88. Mosaic Co. has a one year low of $22.02 and a one year high of $36.95.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. Mosaic’s revenue was down 32.7% compared to the same quarter last year. Equities analysts anticipate that Mosaic Co. will post $0.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Tuesday, September 6th. Mosaic’s payout ratio is currently 69.18%.
MOS has been the topic of several research analyst reports. BMO Capital Markets restated a “hold” rating and issued a $23.00 price objective on shares of Mosaic in a research report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating on shares of Mosaic in a research report on Wednesday, July 13th. Vertical Research cut 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. Citigroup Inc. upped their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, July 13th. Ten research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of €28.75 ($31.94).
Mosaic Company Profile
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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