Amalgamated Bank boosted its position in Mosaic Co (NYSE:MOS) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,195 shares of the basic materials company’s stock after purchasing an additional 3,901 shares during the period. Amalgamated Bank’s holdings in Mosaic were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in Mosaic in the fourth quarter worth about $106,000. Cerebellum GP LLC bought a new stake in Mosaic in the fourth quarter worth about $130,000. Stuart Chaussee & Associates Inc. bought a new stake in Mosaic in the fourth quarter worth about $138,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Mosaic by 60.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 2,257 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in Mosaic in the fourth quarter worth about $181,000. 80.90% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on MOS. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday. Cowen raised shares of Mosaic from a “market perform” rating to an “outperform” rating in a research note on Monday, March 5th. Stephens began coverage on shares of Mosaic in a research note on Friday, February 2nd. They issued an “overweight” rating for the company. BMO Capital Markets reissued a “market perform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Mosaic in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.84.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.91 billion. Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. Mosaic’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. equities analysts predict that Mosaic Co will post 1.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, March 1st were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Wednesday, February 28th. Mosaic’s payout ratio is 10.00%.
In other Mosaic news, Director Kelvin R. Westbrook acquired 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $27.63 per share, with a total value of $33,156.00. Following the completion of the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $33,156. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.38% of the company’s stock.
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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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