Mosaic Co (MOS) Shares Sold by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc trimmed its holdings in shares of Mosaic Co (NYSE:MOS) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,716 shares of the basic materials company’s stock after selling 7,302 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Mosaic were worth $490,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in shares of Mosaic by 0.4% in the second quarter. CIBC Asset Management Inc now owns 37,157 shares of the basic materials company’s stock valued at $848,000 after acquiring an additional 149 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of Mosaic by 1.0% in the second quarter. Sentry Investment Management LLC now owns 23,662 shares of the basic materials company’s stock valued at $540,000 after acquiring an additional 223 shares in the last quarter. Bank of Hawaii raised its holdings in shares of Mosaic by 0.8% in the second quarter. Bank of Hawaii now owns 36,496 shares of the basic materials company’s stock valued at $833,000 after acquiring an additional 287 shares in the last quarter. Auxier Asset Management raised its holdings in Mosaic by 0.4% in the second quarter. Auxier Asset Management now owns 84,731 shares of the basic materials company’s stock worth $1,934,000 after purchasing an additional 300 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Mosaic by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the basic materials company’s stock worth $498,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.
A number of equities analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Cleveland Research upgraded shares of Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Vertical Research upgraded shares of Mosaic from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Morgan Stanley reduced their target price on shares of Mosaic from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Mosaic has an average rating of “Hold” and an average price target of $23.91.
Shares of Mosaic Co (NYSE MOS) traded down $0.01 during midday trading on Friday, reaching $24.28. The company had a trading volume of 5,079,611 shares, compared to its average volume of 4,308,071. The stock has a market capitalization of $8,526.98, a price-to-earnings ratio of 23.81, a P/E/G ratio of 2.54 and a beta of 1.31. Mosaic Co has a 52-week low of $19.23 and a 52-week high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.
Mosaic (NYSE:MOS) last issued 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 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 analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Mosaic’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that Mosaic Co will post 1.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Wednesday, December 6th. Mosaic’s payout ratio is presently 62.50%.
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Mosaic Company 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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