Wells Fargo & Company MN lifted its position in shares of Mosaic Co (NYSE:MOS) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 654,246 shares of the basic materials company’s stock after purchasing an additional 26,161 shares during the period. Wells Fargo & Company MN owned 0.17% of Mosaic worth $21,249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Mosaic during the second quarter valued at about $115,000. Rehmann Capital Advisory Group lifted its position in shares of Mosaic by 12,038.5% during the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 4,695 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Mosaic during the second quarter valued at about $144,000. First Hawaiian Bank bought a new position in shares of Mosaic during the third quarter valued at about $175,000. Finally, Lourd Capital LLC bought a new position in shares of Mosaic during the third quarter valued at about $204,000. 77.84% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada set a $45.00 price target on shares of Mosaic and gave the company a “buy” rating in a research report on Wednesday, November 7th. Credit Suisse Group set a $30.00 price target on shares of Mosaic and gave the company a “sell” rating in a research report on Wednesday, November 7th. Cowen raised their price target on shares of Mosaic from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Stephens set a $45.00 price objective on shares of Mosaic and gave the stock a “buy” rating in a report on Wednesday, November 7th. Finally, TheStreet upgraded shares of Mosaic from a “c+” rating to a “b-” rating in a report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.79.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.11. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts anticipate that Mosaic Co will post 1.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.28%. Mosaic’s dividend payout ratio (DPR) is presently 9.17%.
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Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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