United Services Automobile Association Has $52.63 Million Position in Mosaic Co (MOS)

United Services Automobile Association increased its stake in Mosaic Co (NYSE:MOS) by 41.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,620,285 shares of the basic materials company’s stock after buying an additional 471,971 shares during the quarter. United Services Automobile Association owned about 0.42% of Mosaic worth $52,627,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Mosaic by 5.4% during the third quarter. BlackRock Inc. now owns 25,024,893 shares of the basic materials company’s stock worth $812,808,000 after purchasing an additional 1,272,851 shares during the last quarter. FMR LLC grew its stake in Mosaic by 23.6% in the third quarter. FMR LLC now owns 14,619,257 shares of the basic materials company’s stock valued at $474,834,000 after purchasing an additional 2,787,867 shares during the last quarter. Boston Partners grew its stake in Mosaic by 4,666.5% in the second quarter. Boston Partners now owns 8,543,454 shares of the basic materials company’s stock valued at $239,644,000 after purchasing an additional 8,364,214 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Mosaic by 49.0% in the third quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after purchasing an additional 2,385,147 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Mosaic by 8.6% during the second quarter. Northern Trust Corp now owns 6,680,013 shares of the basic materials company’s stock worth $187,374,000 after acquiring an additional 527,641 shares during the last quarter. Institutional investors and hedge funds own 77.84% of the company’s stock.

Mosaic stock opened at $36.00 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.89. Mosaic Co has a 52 week low of $22.90 and a 52 week high of $37.37. The stock has a market cap of $13.94 billion, a P/E ratio of 33.03, a PEG ratio of 2.72 and a beta of 1.42.

Mosaic (NYSE:MOS) last released its earnings results on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue was up 47.5% compared to the same quarter last year. On average, equities analysts anticipate that Mosaic Co will post 1.9 EPS for the current fiscal year.

The company also recently announced 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, December 5th. Mosaic’s dividend payout ratio (DPR) is 9.17%.

MOS has been the topic of a number of research analyst reports. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. Cowen boosted their price target on Mosaic from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. BMO Capital Markets restated a “hold” rating and set a $30.00 price target (up previously from $28.00) on shares of Mosaic in a research note on Tuesday, August 7th. Stephens set a $45.00 price target on Mosaic and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, Royal Bank of Canada boosted their price target on Mosaic from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Mosaic presently has an average rating of “Buy” and a consensus price target of $35.79.

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Mosaic 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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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