Bridgewater Associates LP acquired a new position in shares of Mosaic Co (NYSE:MOS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 175,630 shares of the basic materials company’s stock, valued at approximately $5,704,000.
A number of other hedge funds have also recently bought and sold shares of MOS. Piedmont Investment Advisors LLC bought a new position in shares of Mosaic in the second quarter worth $115,000. Rehmann Capital Advisory Group increased its position in shares of Mosaic by 12,038.5% in the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 4,695 shares during the period. Acadian Asset Management LLC bought a new position in shares of Mosaic in the second quarter worth $144,000. First Hawaiian Bank bought a new position in shares of Mosaic in the third quarter worth $175,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Mosaic in the third quarter worth $201,000. Hedge funds and other institutional investors own 77.84% of the company’s stock.
MOS has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $45.00 price target on Mosaic and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, October 23rd. Morgan Stanley raised their price target on Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. Barclays initiated coverage on Mosaic in a research report on Tuesday, September 4th. They issued an “equal weight” rating and a $34.00 price target on the stock. Finally, TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.79.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.11. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. Mosaic’s revenue was up 47.5% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Equities analysts predict that Mosaic Co will post 1.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 9.17%.
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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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