Russell Investments Group Ltd. increased its holdings in shares of Mosaic Co (NYSE:MOS) by 15.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 700,325 shares of the basic materials company’s stock after acquiring an additional 95,816 shares during the quarter. Russell Investments Group Ltd.’s holdings in Mosaic were worth $7,467,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MOS. Janney Montgomery Scott LLC lifted its stake in Mosaic by 62.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 53,116 shares of the basic materials company’s stock valued at $1,149,000 after acquiring an additional 20,377 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mosaic by 254.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 506,888 shares of the basic materials company’s stock valued at $10,969,000 after acquiring an additional 363,932 shares during the period. Wealthfront Advisers LLC bought a new position in Mosaic during the 4th quarter valued at about $692,000. CWM Advisors LLC increased its position in shares of Mosaic by 22.0% during the 4th quarter. CWM Advisors LLC now owns 25,300 shares of the basic materials company’s stock valued at $547,000 after purchasing an additional 4,558 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Mosaic by 6.8% during the 4th quarter. World Asset Management Inc now owns 34,780 shares of the basic materials company’s stock valued at $753,000 after purchasing an additional 2,204 shares during the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of Mosaic from $25.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. CIBC began coverage on shares of Mosaic in a report on Friday, February 21st. They issued a “buy” rating and a $25.00 target price for the company. BMO Capital Markets increased their target price on shares of Mosaic from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. Morgan Stanley reduced their target price on shares of Mosaic from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Finally, Stifel Nicolaus reduced their target price on shares of Mosaic from $15.00 to $14.00 and set a “hold” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

In related news, VP Bruce M. Bodine purchased 5,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $12.44 per share, for a total transaction of $68,420.00. Also, Director Oscar Bernardes purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $10.40 per share, with a total value of $52,000.00. Insiders have bought a total of 27,500 shares of company stock valued at $320,810 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

NYSE MOS opened at $11.55 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 0.53. Mosaic Co has a one year low of $6.50 and a one year high of $25.70. The stock has a 50 day moving average price of $11.26 and a 200-day moving average price of $16.52.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 4th. The basic materials company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.65 billion. Mosaic had a negative return on equity of 0.53% and a negative net margin of 15.91%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. On average, sell-side analysts predict that Mosaic Co will post 0.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. Mosaic’s dividend payout ratio is currently 105.26%.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. 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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