Mosaic Co. (MOS) Stake Boosted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its stake in Mosaic Co. (NYSE:MOS) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 880,491 shares of the company’s stock after buying an additional 78,842 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.25% of Mosaic worth $23,050,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in Mosaic by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 40,620 shares of the company’s stock valued at $1,121,000 after buying an additional 300 shares during the last quarter. Norges Bank purchased a new stake in shares of Mosaic during the fourth quarter valued at about $24,735,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Mosaic by 4.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 364,085 shares of the company’s stock valued at $9,830,000 after buying an additional 16,227 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Mosaic by 15.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,487 shares of the company’s stock valued at $1,984,000 after buying an additional 9,743 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Mosaic by 14.2% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 85,829 shares of the company’s stock valued at $2,317,000 after buying an additional 10,666 shares during the period. Institutional investors and hedge funds own 88.97% of the company’s stock.
Shares of Mosaic Co. (NYSE:MOS) opened at 25.54 on Friday. Mosaic Co. has a 12 month low of $22.02 and a 12 month high of $39.67. The company’s 50-day moving average price is $28.10 and its 200-day moving average price is $27.38. The company has a market cap of $8.94 billion, a P/E ratio of 16.09 and a beta of 1.59.
Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Mosaic’s revenue for the quarter was down 32.7% compared to the same quarter last year. Equities analysts forecast that Mosaic Co. will post $0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th will be given a $0.275 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.10 dividend on an annualized basis and a yield of 4.31%. Mosaic’s dividend payout ratio is currently 69.18%.
MOS has been the topic of several recent research reports. HSBC cut Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 price objective on the stock. in a report on Monday, May 23rd. Vetr cut Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 price objective on the stock. in a report on Monday, May 23rd. Morgan Stanley reaffirmed a “hold” rating on shares of Mosaic in a report on Thursday, June 16th. JPMorgan Chase & Co. set a $24.00 price objective on Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and set a $21.00 price objective on shares of Mosaic in a report on Wednesday, August 31st. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. Mosaic currently has an average rating of “Hold” and a consensus target price of €29.08 ($32.31).
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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