Verition Fund Management LLC grew its position in shares of Mosaic Co (NYSE:MOS) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,783 shares of the basic materials company’s stock after buying an additional 24,828 shares during the quarter. Verition Fund Management LLC’s holdings in Mosaic were worth $5,798,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in shares of Mosaic during the 4th quarter worth approximately $106,000. Penserra Capital Management LLC lifted its position in shares of Mosaic by 296.8% during the 1st quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock worth $107,000 after buying an additional 3,116 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Mosaic during the 1st quarter worth approximately $105,000. Federated Investors Inc. PA raised its holdings in shares of Mosaic by 44.0% in the 1st quarter. Federated Investors Inc. PA now owns 7,483 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 2,288 shares during the period. Finally, Wall Street Access Asset Management LLC bought a new stake in shares of Mosaic in the 4th quarter worth approximately $209,000. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the stock. Cowen lifted their price target on shares of Mosaic from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 18th. Credit Suisse Group lifted their price target on shares of Mosaic from $20.00 to $22.00 and gave the stock an “underperform” rating in a report on Wednesday, May 9th. BMO Capital Markets lifted their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, May 9th. Royal Bank of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $32.00 to $30.00 in a report on Thursday, May 10th. Finally, Zacks Investment Research cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.37.
Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Mosaic had a negative net margin of 0.82% and a positive return on equity of 4.44%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. sell-side analysts forecast that Mosaic Co will post 1.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, June 7th will be paid a $0.025 dividend. The ex-dividend date is Wednesday, June 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.34%. Mosaic’s dividend payout ratio is 9.17%.
In other Mosaic news, Director Robert L. Lumpkins acquired 4,655 shares of Mosaic stock in a transaction that occurred on Wednesday, May 2nd. The stock was acquired at an average cost of $27.14 per share, for a total transaction of $126,336.70. Following the purchase, the director now owns 13,994 shares of the company’s stock, valued at $379,797.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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