Swiss National Bank Sells 28,600 Shares of Mosaic Co (NYSE:MOS)

Swiss National Bank lessened its holdings in shares of Mosaic Co (NYSE:MOS) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,191,765 shares of the basic materials company’s stock after selling 28,600 shares during the period. Swiss National Bank owned approximately 0.31% of Mosaic worth $29,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners raised its stake in Mosaic by 21.1% in the 1st quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock worth $471,118,000 after acquiring an additional 3,007,121 shares during the last quarter. Northern Trust Corp raised its stake in Mosaic by 6.4% in the 1st quarter. Northern Trust Corp now owns 7,082,416 shares of the basic materials company’s stock worth $193,421,000 after acquiring an additional 425,882 shares during the last quarter. Geode Capital Management LLC raised its stake in Mosaic by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 4,848,463 shares of the basic materials company’s stock worth $141,386,000 after acquiring an additional 440,727 shares during the last quarter. Janus Henderson Group PLC raised its stake in Mosaic by 25.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,062,787 shares of the basic materials company’s stock worth $101,696,000 after acquiring an additional 819,204 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Mosaic by 30.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,759,876 shares of the basic materials company’s stock worth $48,062,000 after acquiring an additional 407,876 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

NYSE MOS opened at $19.42 on Thursday. The stock has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $25.70. The firm has a market capitalization of $7.71 billion, a P/E ratio of 9.16, a PEG ratio of 2.45 and a beta of 1.56. Mosaic Co has a fifty-two week low of $19.05 and a fifty-two week high of $37.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.67.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned $0.40 earnings per share. Mosaic’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that Mosaic Co will post 1.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, September 4th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

A number of brokerages recently issued reports on MOS. Zacks Investment Research lowered Mosaic from a “hold” rating to a “strong sell” rating in a research note on Monday, May 20th. CIBC lowered Mosaic from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley reduced their price objective on Mosaic from $36.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. Scotiabank upgraded Mosaic from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 8th. Finally, Citigroup upgraded Mosaic from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $31.00 in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Mosaic has a consensus rating of “Hold” and an average price target of $31.94.

Mosaic Profile

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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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