Swiss National Bank Sells 10,300 Shares of The Mosaic Company $MOS

by · The Cerbat Gem

Swiss National Bank trimmed its holdings in shares of The Mosaic Company (NYSE:MOS – Free Report) by 1.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 605,444 shares of the basic materials company’s stock after selling 10,300 shares during the period. Swiss National Bank’s holdings in Mosaic were worth $22,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Mosaic during the second quarter valued at $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new position in Mosaic in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MOS shares. Barclays cut their price objective on shares of Mosaic from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Scotiabank upped their price objective on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Mizuho set a $34.00 target price on Mosaic in a report on Monday, October 20th. Wells Fargo & Company initiated coverage on Mosaic in a report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price target on the stock. Finally, CIBC reduced their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.08.

Read Our Latest Stock Analysis on Mosaic

Mosaic Stock Performance

NYSE:MOS opened at $24.15 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $33.05. The firm has a market capitalization of $7.66 billion, a PE ratio of 8.19, a P/E/G ratio of 0.94 and a beta of 1.00. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 annualized dividend and a yield of 3.6%. Mosaic’s payout ratio is currently 22.80%.

About Mosaic

(Free Report)

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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