Robeco Institutional Asset Management B.V. Sells 14,744 Shares of Mosaic Co. (MOS)
Robeco Institutional Asset Management B.V. reduced its position in shares of Mosaic Co. (NYSE:MOS) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,313 shares of the company’s stock after selling 14,744 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mosaic were worth $11,004,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MOS. State Street Corp raised its stake in Mosaic by 9.7% in the first quarter. State Street Corp now owns 18,789,606 shares of the company’s stock worth $507,317,000 after buying an additional 1,666,573 shares during the period. Riverhead Capital Management LLC raised its stake in Mosaic by 237.1% in the first quarter. Riverhead Capital Management LLC now owns 605,972 shares of the company’s stock worth $16,363,000 after buying an additional 426,186 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Mosaic during the first quarter worth about $8,435,000. TIAA CREF Investment Management LLC raised its stake in Mosaic by 41.1% in the first quarter. TIAA CREF Investment Management LLC now owns 761,222 shares of the company’s stock worth $20,553,000 after buying an additional 221,917 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its stake in Mosaic by 31.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 831,429 shares of the company’s stock worth $21,301,000 after buying an additional 199,000 shares during the period. Institutional investors and hedge funds own 88.91% of the company’s stock.
Shares of Mosaic Co. (NYSE:MOS) traded down 1.09% during trading on Friday, hitting $24.58. The company’s stock had a trading volume of 3,920,017 shares. The firm’s 50 day moving average price is $26.64 and its 200-day moving average price is $26.88. The company has a market cap of $8.61 billion, a PE ratio of 15.49 and a beta of 1.38. Mosaic Co. has a 52 week low of $22.02 and a 52 week high of $36.95.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was down 32.7% on a year-over-year basis. On average, analysts predict that Mosaic Co. will post $0.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a $1.10 annualized dividend and a dividend yield of 4.48%. Mosaic’s dividend payout ratio is presently 69.18%.
MOS has been the subject of a number of analyst reports. Vertical Research lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Credit Suisse Group AG restated a “sell” rating and issued a $21.00 price target on shares of Mosaic in a research report on Wednesday, August 31st. Citigroup Inc. dropped their price target on Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Morgan Stanley reiterated a “hold” rating on shares of Mosaic in a research report on Thursday, June 16th. Finally, Royal Bank Of Canada lowered Mosaic from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, July 13th. Ten investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €28.75 ($31.94).
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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