AMP Capital Investors Ltd grew its stake in shares of Mosaic Co (NYSE:MOS) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 317,787 shares of the basic materials company’s stock after buying an additional 14,621 shares during the period. AMP Capital Investors Ltd owned 0.09% of Mosaic worth $6,860,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MOS. Municipal Employees Retirement System of Michigan increased its holdings in Mosaic by 63.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,530 shares of the basic materials company’s stock valued at $423,000 after buying an additional 7,210 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Mosaic by 0.5% in the second quarter. Retirement Systems of Alabama now owns 170,192 shares of the basic materials company’s stock valued at $3,885,000 after acquiring an additional 914 shares during the period. Beach Investment Management LLC. acquired a new position in Mosaic in the second quarter valued at approximately $228,000. Canada Pension Plan Investment Board boosted its stake in Mosaic by 282.3% in the second quarter. Canada Pension Plan Investment Board now owns 388,578 shares of the basic materials company’s stock valued at $8,871,000 after acquiring an additional 286,932 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Mosaic by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,465,663 shares of the basic materials company’s stock valued at $33,462,000 after acquiring an additional 113,879 shares during the period. 76.93% of the stock is owned by institutional investors.

Mosaic Co (NYSE MOS) traded down $0.13 on Thursday, hitting $24.69. 5,562,600 shares of the stock traded hands, compared to its average volume of 4,487,273. Mosaic Co has a twelve month low of $19.23 and a twelve month high of $34.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90. The company has a market capitalization of $8,714.79, a PE ratio of 24.34, a P/E/G ratio of 2.60 and a beta of 1.31.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that Mosaic Co will post 1.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, December 6th. Mosaic’s payout ratio is 10.42%.

Several equities analysts have recently issued reports on MOS shares. Cowen boosted their price objective on Mosaic from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 22nd. Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, November 14th. Citigroup upped their price target on Mosaic from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. BMO Capital Markets upped their price target on Mosaic from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, November 1st. Finally, Cleveland Research raised Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Mosaic currently has an average rating of “Hold” and a consensus target price of $24.07.

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About Mosaic

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.

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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