MML Investors Services LLC reduced its stake in Mosaic Co (NYSE:MOS) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,910 shares of the basic materials company’s stock after selling 1,523 shares during the quarter. MML Investors Services LLC’s holdings in Mosaic were worth $523,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Private Capital Group LLC lifted its position in Mosaic by 50.8% during the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after buying an additional 405 shares during the period. Berman Capital Advisors LLC purchased a new position in Mosaic during the fourth quarter worth about $39,000. Exane Asset Management purchased a new position in Mosaic during the fourth quarter worth about $72,000. Glenmede Trust Co. NA lifted its position in Mosaic by 49.4% during the third quarter. Glenmede Trust Co. NA now owns 5,613 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,856 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Mosaic during the fourth quarter worth about $166,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
MOS has been the topic of several recent analyst reports. Cleveland Research downgraded Mosaic from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 21st. Credit Suisse Group reiterated a “hold” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, February 4th. Citigroup downgraded Mosaic from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $27.50 in a research report on Friday. Finally, JPMorgan Chase & Co. downgraded Mosaic from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $33.00 in a research report on Wednesday, December 12th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mosaic presently has an average rating of “Hold” and an average price target of $35.80.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.20. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.36 billion. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.23) earnings per share. Research analysts predict that Mosaic Co will post 2.35 EPS for the current fiscal year.
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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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