John G Ullman & Associates Inc. lowered its position in Mosaic Co (NYSE:MOS) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,400 shares of the basic materials company’s stock after selling 1,500 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Mosaic were worth $1,540,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Private Capital Group LLC boosted its stake in shares of Mosaic by 50.8% during the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 405 shares during the last quarter. Berman Capital Advisors LLC acquired a new stake in shares of Mosaic during the fourth quarter valued at $39,000. CWM LLC boosted its stake in shares of Mosaic by 2,795.7% during the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,957 shares during the last quarter. Exane Asset Management acquired a new stake in shares of Mosaic during the fourth quarter valued at $72,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Mosaic during the first quarter valued at $78,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
A number of analysts recently commented on MOS shares. Citigroup decreased their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 27th. UBS Group set a $40.00 price objective on Mosaic and gave the company a “buy” rating in a research note on Tuesday, February 26th. Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, February 6th. Bank of America reissued a “buy” rating and issued a $34.00 price target (down from $38.00) on shares of Mosaic in a research note on Thursday, April 18th. Finally, Royal Bank of Canada decreased their price target on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.13.
NYSE:MOS traded down $0.02 during mid-day trading on Friday, reaching $21.60. The company’s stock had a trading volume of 3,034,633 shares, compared to its average volume of 4,187,312. The company has a current ratio of 1.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. Mosaic Co has a twelve month low of $21.45 and a twelve month high of $37.37. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.94 and a beta of 1.42.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. As a group, research analysts forecast that Mosaic Co will post 1.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Mosaic’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, June 5th. Mosaic’s dividend payout ratio (DPR) is 4.72%.
In other news, Director Emery N. Koenig acquired 2,089 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $23.95 per share, for a total transaction of $50,031.55. Following the acquisition, the director now directly owns 25,244 shares in the company, valued at approximately $604,593.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Clint Freeland acquired 4,250 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the completion of the acquisition, the chief financial officer now owns 4,250 shares in the company, valued at $100,300. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,339 shares of company stock worth $414,182. Company insiders own 0.51% of the company’s stock.
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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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