Nomura Asset Management Co. Ltd. increased its holdings in shares of Mosaic Co (NYSE:MOS) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,106 shares of the basic materials company’s stock after purchasing an additional 5,164 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Mosaic were worth $2,106,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MOS. Great West Life Assurance Co. Can increased its position in shares of Mosaic by 0.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 236,985 shares of the basic materials company’s stock valued at $6,591,000 after purchasing an additional 1,019 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Mosaic in the 4th quarter valued at approximately $539,000. Employees Retirement System of Texas increased its position in shares of Mosaic by 95.8% in the 4th quarter. Employees Retirement System of Texas now owns 23,500 shares of the basic materials company’s stock valued at $686,000 after purchasing an additional 11,500 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Mosaic in the 4th quarter valued at approximately $1,612,000. Finally, Northern Trust Corp increased its position in shares of Mosaic by 3.6% in the 4th quarter. Northern Trust Corp now owns 6,656,534 shares of the basic materials company’s stock valued at $194,438,000 after purchasing an additional 233,794 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on MOS. Cowen increased their price objective 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. TheStreet raised shares of Mosaic from a “c+” rating to a “b-” rating in a research report on Monday, November 19th. JPMorgan Chase & Co. downgraded shares of Mosaic from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $33.00 in a research report on Wednesday, December 12th. Cleveland Research downgraded shares of Mosaic from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, February 6th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.14.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.20. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. Mosaic’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.23) EPS. As a group, research analysts expect that Mosaic Co will post 2.35 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, March 6th. Mosaic’s dividend payout ratio is currently 4.72%.
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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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