BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Mosaic Co (NYSE:MOS) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 124,108 shares of the basic materials company’s stock after purchasing an additional 11,031 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Mosaic were worth $3,625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in MOS. Duality Advisers LP acquired a new position in Mosaic in the 4th quarter valued at $3,770,000. Korea Investment CORP raised its holdings in Mosaic by 160.7% in the 4th quarter. Korea Investment CORP now owns 91,448 shares of the basic materials company’s stock valued at $2,671,000 after acquiring an additional 56,376 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Mosaic by 7.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 72,106 shares of the basic materials company’s stock valued at $2,106,000 after acquiring an additional 5,164 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Mosaic by 0.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 236,985 shares of the basic materials company’s stock valued at $6,591,000 after acquiring an additional 1,019 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in Mosaic in the 4th quarter valued at $539,000. 77.34% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on MOS shares. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, January 21st. Cleveland Research lowered Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Credit Suisse Group reiterated a “hold” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, February 4th. TheStreet upgraded Mosaic from a “c+” rating to a “b-” rating in a research note on Monday, November 19th. Finally, JPMorgan Chase & Co. lowered Mosaic from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $33.00 in a research note on Wednesday, December 12th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.14.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, February 25th. The basic materials company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.20. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.36 billion. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. Mosaic’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.23) EPS. Equities research analysts expect that Mosaic Co will post 2.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.35%. Mosaic’s dividend payout ratio is currently 4.72%.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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