River & Mercantile Asset Management LLP decreased its holdings in shares of Mosaic Co (NYSE:MOS) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 284,634 shares of the basic materials company’s stock after selling 23,969 shares during the quarter. Mosaic comprises about 0.8% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 24th biggest position. River & Mercantile Asset Management LLP owned about 0.07% of Mosaic worth $9,243,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Mosaic by 5.4% in the third quarter. BlackRock Inc. now owns 25,024,893 shares of the basic materials company’s stock valued at $812,808,000 after acquiring an additional 1,272,851 shares during the last quarter. FMR LLC boosted its holdings in Mosaic by 23.6% in the third quarter. FMR LLC now owns 14,619,257 shares of the basic materials company’s stock valued at $474,834,000 after acquiring an additional 2,787,867 shares during the last quarter. Boston Partners boosted its holdings in Mosaic by 4,666.5% in the second quarter. Boston Partners now owns 8,543,454 shares of the basic materials company’s stock valued at $239,644,000 after acquiring an additional 8,364,214 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mosaic by 49.0% in the third quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after acquiring an additional 2,385,147 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Mosaic by 8.6% in the second quarter. Northern Trust Corp now owns 6,680,013 shares of the basic materials company’s stock valued at $187,374,000 after acquiring an additional 527,641 shares during the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

A number of research analysts recently weighed in on the company. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a report on Monday, November 19th. Cowen raised their price objective on Mosaic from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Royal Bank of Canada set a $45.00 price objective on Mosaic and gave the company a “buy” rating in a research report on Wednesday, November 7th. Credit Suisse Group set a $30.00 price objective on Mosaic and gave the company a “sell” rating in a research report on Wednesday, November 7th. Finally, Stephens set a $45.00 price objective on Mosaic and gave the company a “buy” rating in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $35.79.

Shares of NYSE MOS traded up $0.05 during midday trading on Friday, reaching $34.60. 47,079 shares of the company’s stock were exchanged, compared to its average volume of 3,856,761. Mosaic Co has a 52-week low of $22.90 and a 52-week high of $37.37. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.67.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, research analysts predict that Mosaic Co will post 1.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Wednesday, December 5th. Mosaic’s payout ratio is 9.17%.

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Mosaic Company Profile

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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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