WESCAP Management Group Inc. acquired a new position in Mosaic Company (The) (NYSE:MOS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,994 shares of the basic materials company’s stock, valued at approximately $867,000.

Other large investors have also modified their holdings of the company. Global X Management Co. LLC lifted its stake in shares of Mosaic Company (The) by 16.4% in the 1st quarter. Global X Management Co. LLC now owns 32,585 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 4,580 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Mosaic Company (The) by 0.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 517,307 shares of the basic materials company’s stock worth $11,810,000 after purchasing an additional 4,055 shares during the period. River & Mercantile Asset Management LLP lifted its stake in shares of Mosaic Company (The) by 11.2% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 227,100 shares of the basic materials company’s stock worth $5,184,000 after purchasing an additional 22,850 shares during the period. Andra AP fonden lifted its stake in shares of Mosaic Company (The) by 240.3% in the 2nd quarter. Andra AP fonden now owns 79,300 shares of the basic materials company’s stock worth $1,810,000 after purchasing an additional 56,000 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Mosaic Company (The) by 25.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 55,200 shares of the basic materials company’s stock worth $1,260,000 after purchasing an additional 11,080 shares during the period. Hedge funds and other institutional investors own 77.00% of the company’s stock.

Mosaic Company (NYSE:MOS) traded up 0.19% on Friday, hitting $20.98. 563,592 shares of the company were exchanged. Mosaic Company has a 52-week low of $19.23 and a 52-week high of $34.36. The stock has a market capitalization of $7.37 billion, a P/E ratio of 49.95 and a beta of 1.27. The stock’s 50-day moving average price is $20.54 and its 200-day moving average price is $24.07.

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, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Mosaic Company will post $0.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, September 6th. Mosaic Company (The)’s dividend payout ratio is currently 142.86%.

Several brokerages have recently weighed in on MOS. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price objective on shares of Mosaic Company (The) in a research note on Wednesday, July 12th. Citigroup Inc. decreased their target price on shares of Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 12th. BMO Capital Markets restated a “market perform” rating and set a $25.00 target price (down previously from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. BidaskClub cut shares of Mosaic Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $27.00 target price on shares of Mosaic Company (The) in a research note on Friday, July 14th. Six research analysts have rated the stock with a sell rating, eight have assigned 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 a consensus target price of $25.15.

In other news, Director Robert L. Lumpkins acquired 7,000 shares of Mosaic Company (The) stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $19.94 per share, with a total value of $139,580.00. Following the purchase, the director now owns 9,339 shares in the company, valued at $186,219.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Mosaic Company (The) (NYSE:MOS)

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