Wealthfront Inc. Takes $915,000 Position in Mosaic Company (The) (MOS)
Wealthfront Inc. acquired a new stake in Mosaic Company (The) (NYSE:MOS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,091 shares of the basic materials company’s stock, valued at approximately $915,000.
Other large investors also recently added to or reduced their stakes in the company. Turner Investments LLC acquired a new stake in Mosaic Company (The) in the 1st quarter valued at $158,000. Pacer Advisors Inc. grew its position in Mosaic Company (The) by 8.7% in the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 587 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in Mosaic Company (The) by 878.3% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 5,393 shares during the period. CrestPoint Capital Management LLC acquired a new stake in Mosaic Company (The) in the 2nd quarter valued at $208,000. Finally, Greenwood Capital Associates LLC acquired a new stake in Mosaic Company (The) in the 1st quarter valued at $211,000. Institutional investors own 77.00% of the company’s stock.
Mosaic Company (The) (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, September 6th. Mosaic Company (The)’s dividend payout ratio (DPR) is currently 142.86%.
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Several analysts recently issued reports on MOS shares. Zacks Investment Research downgraded shares of Mosaic Company (The) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Mosaic Company (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “market perform” rating and issued a $25.00 price target (down previously from $26.00) on shares of Mosaic Company (The) in a research report on Wednesday, August 2nd. Citigroup Inc. cut their price objective on shares of Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada cut their price objective on shares of Mosaic Company (The) from $26.00 to $25.00 and set a “sector perform” rating on the stock in a report on Friday, July 14th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.15.
In related news, Director Robert L. Lumpkins acquired 7,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $19.94 per share, with a total value of $139,580.00. Following the completion of the purchase, the director now directly owns 9,339 shares of the company’s stock, valued at $186,219.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.
About Mosaic Company (The)
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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