Mosaic Co (NYSE:MOS) Shares Sold by Pflug Koory LLC
Pflug Koory LLC decreased its holdings in Mosaic Co (NYSE:MOS) by 39.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,195 shares of the basic materials company’s stock after selling 4,675 shares during the quarter. Pflug Koory LLC’s holdings in Mosaic were worth $156,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MOS. Bradley Foster & Sargent Inc. CT raised its position in Mosaic by 0.6% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 116,144 shares of the basic materials company’s stock valued at $2,381,000 after purchasing an additional 714 shares in the last quarter. Banco Santander S.A. raised its holdings in Mosaic by 3.4% in the third quarter. Banco Santander S.A. now owns 24,252 shares of the basic materials company’s stock valued at $497,000 after acquiring an additional 794 shares in the last quarter. Profund Advisors LLC lifted its stake in Mosaic by 7.3% in the second quarter. Profund Advisors LLC now owns 13,887 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 947 shares during the last quarter. Captrust Financial Advisors lifted its stake in Mosaic by 207.9% in the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 948 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in Mosaic by 2.9% during the 3rd quarter. Moors & Cabot Inc. now owns 38,740 shares of the basic materials company’s stock worth $793,000 after acquiring an additional 1,102 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors and hedge funds.
MOS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Mosaic from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. Consumer Edge began coverage on shares of Mosaic in a research note on Monday, September 23rd. They set an “equal weight” rating and a $22.00 target price for the company. Royal Bank of Canada cut their price target on Mosaic from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, September 27th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 4th. Finally, ValuEngine upgraded shares of Mosaic from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Mosaic has an average rating of “Hold” and an average target price of $27.50.
Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that Mosaic Co will post 0.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. Mosaic’s payout ratio is 9.43%.
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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