Nordea Investment Management AB boosted its stake in shares of Mosaic Co. (NYSE:MOS) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 299,364 shares of the company’s stock after buying an additional 11,881 shares during the period. Nordea Investment Management AB’s holdings in Mosaic were worth $7,837,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MOS. Seven Eight Capital LLC raised its position in Mosaic by 27.2% in the first quarter. Seven Eight Capital LLC now owns 4,209 shares of the company’s stock valued at $114,000 after buying an additional 900 shares during the last quarter. Advisory Services Network LLC raised its position in Mosaic by 1,402.9% in the second quarter. Advisory Services Network LLC now owns 6,718 shares of the company’s stock valued at $176,000 after buying an additional 6,271 shares during the last quarter. Creative Planning raised its position in Mosaic by 45.6% in the second quarter. Creative Planning now owns 7,416 shares of the company’s stock valued at $194,000 after buying an additional 2,323 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in Mosaic by 9.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,660 shares of the company’s stock valued at $201,000 after buying an additional 670 shares during the last quarter. Finally, Boston Advisors LLC purchased a new position in Mosaic during the second quarter valued at $204,000. Institutional investors own 88.81% of the company’s stock.
Shares of Mosaic Co. (NYSE:MOS) traded down 1.38% during mid-day trading on Monday, reaching $22.83. 4,035,507 shares of the company were exchanged. The company’s 50-day moving average is $25.99 and its 200 day moving average is $26.74. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 14.39 and a beta of 1.39. Mosaic Co. has a 12 month low of $22.02 and a 12 month high of $36.95.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.81 billion. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The company’s quarterly revenue was down 32.7% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Analysts predict that Mosaic Co. will post $0.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.82%. Mosaic’s dividend payout ratio is currently 69.18%.
Several equities analysts have weighed in on MOS shares. Credit Suisse Group AG reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, July 13th. BMO Capital Markets reissued a “hold” rating and issued a $23.00 price target on shares of Mosaic in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. set a $24.00 price target on shares of Mosaic and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Susquehanna downgraded shares of Mosaic from a “positive” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $28.00 in a research note on Wednesday, August 17th. Finally, Citigroup Inc. boosted their price target on shares of Mosaic from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Ten analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Mosaic presently has an average rating of “Hold” and an average target price of €28.75 ($31.59).
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.