Toronto Dominion Bank lifted its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 23.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,753 shares of the basic materials company's stock after buying an additional 67,811 shares during the period. Toronto Dominion Bank owned about 0.11% of Mosaic worth $9,581,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in Mosaic in the third quarter worth about $232,000. Geode Capital Management LLC increased its stake in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock worth $228,018,000 after purchasing an additional 178,844 shares during the period. M&T Bank Corp boosted its stake in shares of Mosaic by 13.2% during the third quarter. M&T Bank Corp now owns 23,265 shares of the basic materials company's stock valued at $623,000 after purchasing an additional 2,714 shares during the period. Groupama Asset Managment grew its holdings in shares of Mosaic by 71.5% in the third quarter. Groupama Asset Managment now owns 45,968 shares of the basic materials company's stock worth $1,231,000 after purchasing an additional 19,160 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Mosaic by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company's stock worth $2,664,000 after buying an additional 932 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on MOS shares. Mizuho upped their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. CIBC assumed coverage on Mosaic in a research report on Tuesday. They set a "neutral" rating and a $55.00 target price for the company. Oppenheimer assumed coverage on Mosaic in a research report on Thursday. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $35.40.
Check Out Our Latest Analysis on MOS
Mosaic Stock Up 0.5 %
Shares of MOS stock traded up $0.13 during trading hours on Friday, reaching $26.79. 3,141,038 shares of the company's stock were exchanged, compared to its average volume of 4,361,818. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.85 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The stock's 50 day moving average is $26.45 and its 200-day moving average is $27.36.
Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company's quarterly revenue was down 20.8% compared to the same quarter last year. Analysts predict that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, December 5th. Mosaic's dividend payout ratio is presently 74.34%.
About Mosaic
(
Free Report)
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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.
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