Catalyst Capital Advisors LLC increased its stake in shares of Mosaic Company (The) (NYSE:MOS) by 75.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the basic materials company’s stock after buying an additional 15,000 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mosaic Company (The) were worth $756,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Mosaic Company (The) by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 36,254,086 shares of the basic materials company’s stock worth $827,681,000 after purchasing an additional 793,205 shares in the last quarter. State Street Corp raised its holdings in shares of Mosaic Company (The) by 2.0% in the 2nd quarter. State Street Corp now owns 19,950,012 shares of the basic materials company’s stock valued at $455,461,000 after acquiring an additional 397,403 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in shares of Mosaic Company (The) by 13.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 6,251,974 shares of the basic materials company’s stock valued at $142,733,000 after acquiring an additional 718,812 shares in the last quarter. FMR LLC increased its position in shares of Mosaic Company (The) by 6.3% during the 2nd quarter. FMR LLC now owns 5,428,123 shares of the basic materials company’s stock valued at $123,923,000 after purchasing an additional 319,637 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in Mosaic Company (The) by 17.4% during the 3rd quarter. Alps Advisors Inc. now owns 2,336,343 shares of the basic materials company’s stock worth $50,442,000 after acquiring an additional 346,093 shares during the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.
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Several research firms have weighed in on MOS. BidaskClub cut Mosaic Company (The) from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BMO Capital Markets reiterated a “market perform” rating and set a $25.00 price objective (down previously from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. Cowen and Company lifted their target price on Mosaic Company (The) from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday. Royal Bank Of Canada cut their price objective on Mosaic Company (The) from $25.00 to $23.00 and set a “sector perform” rating for the company in a report on Wednesday, August 2nd. Finally, Cleveland Research raised Mosaic Company (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.91.
Mosaic Company (MOS) traded up $0.58 during trading hours on Wednesday, hitting $23.61. The stock had a trading volume of 5,961,700 shares, compared to its average volume of 4,469,503. Mosaic Company has a 52-week low of $19.23 and a 52-week high of $34.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90. The firm has a market cap of $8,084.66, a PE ratio of 22.58, a PEG ratio of 2.50 and a beta of 1.27.
Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.18. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts expect that Mosaic Company will post 0.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, December 6th. Mosaic Company (The)’s dividend payout ratio is presently 62.50%.
Mosaic Company (The) Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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