Los Angeles Capital Management & Equity Research Inc. Cuts Position in Mosaic Co (MOS)
Los Angeles Capital Management & Equity Research Inc. reduced its stake in Mosaic Co (NYSE:MOS) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,567 shares of the basic materials company’s stock after selling 4,740 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mosaic were worth $487,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MOS. YorkBridge Wealth Partners LLC lifted its position in Mosaic by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock worth $130,000 after buying an additional 6,000 shares in the last quarter. Pacer Advisors Inc. lifted its position in Mosaic by 8.7% during the 2nd quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock worth $168,000 after buying an additional 587 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in Mosaic by 30.5% during the 2nd quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock worth $216,000 after buying an additional 2,210 shares in the last quarter. Westover Capital Advisors LLC bought a new stake in Mosaic during the 2nd quarter worth about $218,000. Finally, Koch Industries Inc. bought a new stake in Mosaic during the 2nd quarter worth about $225,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on MOS. BMO Capital Markets boosted their price target on shares of Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Cleveland Research raised shares of Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Vertical Research raised shares of Mosaic from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Morgan Stanley dropped their target price on shares of Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.91.
Shares of Mosaic Co (NYSE MOS) traded down $0.01 during trading hours on Friday, hitting $24.28. 5,079,611 shares of the company’s stock were exchanged, compared to its average volume of 4,308,071. Mosaic Co has a 1 year low of $19.23 and a 1 year high of $34.36. The firm has a market cap of $8,526.98, a price-to-earnings ratio of 23.81, a PEG ratio of 2.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.18. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. analysts forecast that Mosaic Co will post 1.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Mosaic’s payout ratio is presently 62.50%.
Mosaic Company Profile
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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