90,000 Shares in Mosaic Co (MOS) Acquired by Caxton Associates LP
Caxton Associates LP acquired a new stake in Mosaic Co (NYSE:MOS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 90,000 shares of the basic materials company’s stock, valued at approximately $2,629,000. Mosaic accounts for 0.4% of Caxton Associates LP’s holdings, making the stock its 27th biggest holding.
Several other hedge funds have also recently bought and sold shares of the stock. Private Capital Group LLC raised its holdings in shares of Mosaic by 50.8% in the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after buying an additional 405 shares during the period. Securian Asset Management Inc increased its holdings in Mosaic by 1.7% during the 4th quarter. Securian Asset Management Inc now owns 36,260 shares of the basic materials company’s stock worth $1,059,000 after purchasing an additional 612 shares during the period. Contravisory Investment Management Inc. increased its holdings in Mosaic by 4.7% during the 4th quarter. Contravisory Investment Management Inc. now owns 14,012 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 626 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Mosaic by 8.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,931 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 649 shares during the period. Finally, BB&T Securities LLC increased its holdings in Mosaic by 9.9% during the 4th quarter. BB&T Securities LLC now owns 7,716 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Several equities research analysts have weighed in on MOS shares. JPMorgan Chase & Co. downgraded Mosaic from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $33.00 in a report on Wednesday, December 12th. Citigroup cut their price target on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 27th. ValuEngine downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Zacks Investment Research downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Cleveland Research downgraded Mosaic from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.14.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, February 25th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.20. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.23) EPS. As a group, research analysts forecast that Mosaic Co will post 2.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. Mosaic’s dividend payout ratio is currently 4.72%.
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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