Cornerstone Capital Management Holdings LLC. cut its position in shares of Mosaic Co (NYSE:MOS) by 84.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,819 shares of the basic materials company’s stock after selling 1,003,769 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.05% of Mosaic worth $3,860,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of MOS. Artemis Investment Management LLP acquired a new position in Mosaic during the third quarter worth $37,174,000. BlueMountain Capital Management LLC raised its holdings in Mosaic by 105.6% during the second quarter. BlueMountain Capital Management LLC now owns 66,928 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 1,265,856 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Mosaic during the second quarter worth $27,850,000. Assenagon Asset Management S.A. acquired a new position in Mosaic during the third quarter worth $22,326,000. Finally, Dimensional Fund Advisors LP raised its holdings in Mosaic by 26.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after purchasing an additional 921,345 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on MOS shares. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $25.00 price objective on shares of Mosaic in a report on Friday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $24.00 price objective on shares of Mosaic in a report on Thursday, October 12th. Citigroup lifted their price objective on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Mosaic currently has an average rating of “Hold” and a consensus target price of $24.07.
Mosaic Co (NYSE MOS) opened at $24.92 on Friday. Mosaic Co has a 1-year low of $19.23 and a 1-year high of $34.36. The firm has a market capitalization of $8,749.90, a price-to-earnings ratio of 24.44, a PEG ratio of 2.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.18. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts anticipate that Mosaic Co will post 1.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. Mosaic’s dividend payout ratio (DPR) is 10.42%.
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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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