GAM Holding AG Sells 10,009 Shares of Mosaic Co. (MOS)
GAM Holding AG decreased its position in Mosaic Co. (NYSE:MOS) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 254,838 shares of the company’s stock after selling 10,009 shares during the period. GAM Holding AG owned about 0.07% of Mosaic worth $6,217,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MOS. Suntrust Banks Inc. boosted its position in shares of Mosaic by 0.9% in the second quarter. Suntrust Banks Inc. now owns 8,046 shares of the company’s stock worth $210,000 after buying an additional 74 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in Mosaic by 0.5% in the third quarter. Indiana Trust & Investment Management CO now owns 17,319 shares of the company’s stock valued at $424,000 after buying an additional 90 shares during the period. Conning Inc. boosted its position in Mosaic by 1.9% in the second quarter. Conning Inc. now owns 8,920 shares of the company’s stock valued at $234,000 after buying an additional 170 shares during the period. Gateway Investment Advisers LLC boosted its position in Mosaic by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 26,302 shares of the company’s stock valued at $689,000 after buying an additional 221 shares during the period. Finally, US Bancorp DE boosted its position in Mosaic by 0.5% in the second quarter. US Bancorp DE now owns 45,295 shares of the company’s stock valued at $1,186,000 after buying an additional 234 shares during the period. Institutional investors own 90.69% of the company’s stock.
Shares of Mosaic Co. (NYSE:MOS) traded down 0.11% during midday trading on Tuesday, hitting $27.04. The stock had a trading volume of 4,047,196 shares. Mosaic Co. has a 52 week low of $22.02 and a 52 week high of $32.26. The stock has a market cap of $9.47 billion, a PE ratio of 21.55 and a beta of 1.25. The stock has a 50-day moving average of $25.52 and a 200 day moving average of $26.51.
Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.23. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $0.62 EPS. Mosaic’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts anticipate that Mosaic Co. will post $0.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.02%. Mosaic’s dividend payout ratio (DPR) is currently 88.00%.
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Several research analysts recently commented on MOS shares. Credit Suisse Group AG cut Mosaic from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $26.26 to $21.00 in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. set a $24.00 price objective on Mosaic and gave the company a “hold” rating in a research note on Wednesday, August 3rd. BMO Capital Markets restated a “hold” rating and set a $23.00 price objective on shares of Mosaic in a research note on Wednesday, August 3rd. Citigroup Inc. upped their price objective on Mosaic from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Finally, Susquehanna cut Mosaic from a “positive” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $28.00 in a research note on Wednesday, August 17th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.03.
Mosaic Company Profile
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.
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