Ayalon Holdings Ltd. bought a new position in Mosaic Co (NYSE:MOS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,985 shares of the basic materials company’s stock, valued at approximately $496,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MOS. FMR LLC lifted its position in shares of Mosaic by 52.6% in the 2nd quarter. FMR LLC now owns 11,831,390 shares of the basic materials company’s stock worth $331,871,000 after acquiring an additional 4,080,426 shares during the period. BB&T Securities LLC acquired a new stake in Mosaic during the 2nd quarter valued at $204,000. Raymond James & Associates increased its holdings in Mosaic by 70.6% during the 2nd quarter. Raymond James & Associates now owns 247,916 shares of the basic materials company’s stock valued at $6,954,000 after purchasing an additional 102,615 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Mosaic by 125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 18,360 shares of the basic materials company’s stock valued at $515,000 after buying an additional 10,200 shares during the period. Finally, Andra AP fonden acquired a new stake in shares of Mosaic in the 2nd quarter valued at $2,982,000. 75.41% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on MOS. Royal Bank of Canada set a $45.00 target price on Mosaic and gave the company a “buy” rating in a research note on Wednesday, November 7th. Credit Suisse Group set a $30.00 target price on Mosaic and gave the stock a “sell” rating in a report on Wednesday, November 7th. Cowen boosted their price target on Mosaic from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, November 15th. Stephens set a $45.00 price target on Mosaic and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, TheStreet raised Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Mosaic presently has an average rating of “Hold” and an average price target of $35.93.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, sell-side analysts expect that Mosaic Co will post 1.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. Mosaic’s dividend payout ratio is 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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