Nations Financial Group Inc. IA ADV lowered its stake in shares of The Mosaic Company (NYSE:MOS – Get Rating) by 10.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,675 shares of the basic materials company’s stock after selling 2,393 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Mosaic were worth $773,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MOS. LSV Asset Management lifted its stake in shares of Mosaic by 57.9% in the 4th quarter. LSV Asset Management now owns 3,367,050 shares of the basic materials company’s stock worth $132,291,000 after purchasing an additional 1,234,895 shares during the period. Neuberger Berman Group LLC increased its holdings in Mosaic by 68.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,247,884 shares of the basic materials company’s stock worth $80,293,000 after acquiring an additional 912,424 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Mosaic by 40.3% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,473,194 shares of the basic materials company’s stock worth $88,343,000 after acquiring an additional 710,079 shares in the last quarter. Foundation Resource Management Inc. increased its holdings in Mosaic by 99.8% in the 4th quarter. Foundation Resource Management Inc. now owns 1,311,715 shares of the basic materials company’s stock worth $51,537,000 after acquiring an additional 655,144 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Mosaic by 2.1% in the 3rd quarter. BlackRock Inc. now owns 27,528,340 shares of the basic materials company’s stock worth $983,312,000 after acquiring an additional 561,520 shares in the last quarter. Hedge funds and other institutional investors own 82.54% of the company’s stock.
MOS has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Mosaic from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Stifel Nicolaus increased their price objective on shares of Mosaic from $49.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, March 1st. Exane BNP Paribas lowered shares of Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 target price for the company. in a report on Wednesday, April 20th. Berenberg Bank lowered shares of Mosaic from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Thursday, February 24th. Finally, Morgan Stanley raised their target price on shares of Mosaic from $40.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, March 17th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $63.35.
Mosaic (NYSE:MOS – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The basic materials company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Mosaic had a return on equity of 23.80% and a net margin of 18.99%. During the same period in the prior year, the firm earned $0.57 earnings per share. Research analysts forecast that The Mosaic Company will post 12.69 EPS for the current year.
Mosaic declared that its board has authorized a share repurchase program on Tuesday, February 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the basic materials company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
In related news, Director Gregory L. Ebel bought 15,600 shares of the company’s stock in a transaction on Friday, May 6th. The stock was bought at an average cost of $63.49 per share, for a total transaction of $990,444.00. Following the acquisition, the director now directly owns 80,068 shares in the company, valued at $5,083,517.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Corrine D. Ricard sold 10,000 shares of the company’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $67.00, for a total value of $670,000.00. The disclosure for this sale can be found here. Insiders sold 74,612 shares of company stock valued at $5,581,640 over the last three months. 0.57% of the stock is currently owned by corporate insiders.
Mosaic Company Profile (Get Rating)
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.
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