Mosaic Co. (MOS) Stake Reduced by Oslo Asset Management ASA
Oslo Asset Management ASA lowered its stake in Mosaic Co. (NYSE:MOS) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 638,048 shares of the company’s stock after selling 191,600 shares during the period. Mosaic comprises 13.5% of Oslo Asset Management ASA’s portfolio, making the stock its 4th largest position. Oslo Asset Management ASA owned approximately 0.18% of Mosaic worth $16,704,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in MOS. NN Investment Partners Holdings N.V. purchased a new stake in Mosaic during the first quarter valued at about $63,437,000. State Street Corp increased its stake in Mosaic by 9.7% in the first quarter. State Street Corp now owns 18,789,606 shares of the company’s stock valued at $507,317,000 after buying an additional 1,666,573 shares during the period. Hutchinson Capital Management CA purchased a new stake in Mosaic during the first quarter valued at about $16,814,000. Riverhead Capital Management LLC increased its stake in Mosaic by 237.1% in the first quarter. Riverhead Capital Management LLC now owns 605,972 shares of the company’s stock valued at $16,363,000 after buying an additional 426,186 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Mosaic during the second quarter valued at about $10,334,000. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
Mosaic Co. (NYSE:MOS) traded down 1.00% during mid-day trading on Tuesday, hitting $24.64. 4,252,527 shares of the company were exchanged. Mosaic Co. has a 12-month low of $22.02 and a 12-month high of $36.95. The company has a 50 day moving average of $27.01 and a 200 day moving average of $26.98. The stock has a market cap of $8.63 billion, a P/E ratio of 15.53 and a beta of 1.39.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s quarterly revenue was down 32.7% compared to the same quarter last year. On average, equities research analysts expect that Mosaic Co. will post $0.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Tuesday, September 6th. Mosaic’s payout ratio is 69.18%.
Several equities research analysts have recently weighed in on MOS shares. Vertical Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “sell” rating and issued a $21.00 target price on shares of Mosaic in a research report on Wednesday, August 31st. Citigroup Inc. dropped their target price on shares of Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Morgan Stanley reissued a “hold” rating on shares of Mosaic in a research report on Thursday, June 16th. Finally, Royal Bank Of Canada downgraded shares of Mosaic from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, July 13th. Ten investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €28.75 ($31.94).
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.
Receive News & Stock Ratings for Mosaic Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Co. and related stocks with our FREE daily email newsletter.