Intellectus Partners LLC maintained its stake in Mosaic Co (NYSE:MOS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,390 shares of the basic materials company’s stock at the end of the first quarter. Intellectus Partners LLC’s holdings in Mosaic were worth $507,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in Mosaic by 6.6% in the fourth quarter. State Street Corp now owns 19,523,172 shares of the basic materials company’s stock valued at $572,615,000 after buying an additional 1,206,478 shares in the last quarter. Capital World Investors acquired a new stake in Mosaic during the third quarter valued at approximately $78,272,000. FMR LLC raised its stake in Mosaic by 73.3% in the fourth quarter. FMR LLC now owns 1,878,626 shares of the basic materials company’s stock valued at $55,101,000 after buying an additional 794,368 shares in the last quarter. Guggenheim Capital LLC raised its stake in Mosaic by 14.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,729,615 shares of the basic materials company’s stock valued at $50,730,000 after buying an additional 221,534 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Mosaic by 26.1% in the fourth quarter. Marshall Wace LLP now owns 1,483,935 shares of the basic materials company’s stock valued at $43,524,000 after buying an additional 307,133 shares in the last quarter. 88.87% of the stock is owned by institutional investors and hedge funds.
Shares of Mosaic Co (NYSE:MOS) traded up 3.50% on Friday, hitting $23.65. 5,662,338 shares of the stock traded hands. Mosaic Co has a 52 week low of $22.43 and a 52 week high of $34.36. The firm has a market capitalization of $8.30 billion, a PE ratio of 205.65 and a beta of 1.29. The firm’s 50 day moving average is $26.29 and its 200 day moving average is $28.85.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.15. Mosaic had a return on equity of 2.81% and a net margin of 4.16%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts expect that Mosaic Co will post $1.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.63%. Mosaic’s dividend payout ratio (DPR) is 130.95%.
A number of research firms have recently issued reports on MOS. BMO Capital Markets restated a “hold” rating and set a $23.00 price target on shares of Mosaic in a report on Wednesday, February 8th. Zacks Investment Research lowered shares of Mosaic from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Cowen and Company upgraded shares of Mosaic from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 24th. Credit Suisse Group AG set a $20.00 price target on shares of Mosaic and gave the company a “sell” rating in a report on Saturday, April 15th. Finally, Atlantic Securities upgraded shares of Mosaic from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a report on Tuesday, May 9th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.61.
In related news, CFO Richard L. Mack acquired 7,500 shares of Mosaic stock in a transaction on Thursday, May 4th. The stock was purchased at an average cost of $23.35 per share, with a total value of $175,125.00. Following the completion of the transaction, the chief financial officer now directly owns 136,101 shares in the company, valued at approximately $3,177,958.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 1,100 shares of Mosaic stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total transaction of $25,729.00. Following the transaction, the director now directly owns 8,260 shares of the company’s stock, valued at $193,201.40. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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