US Bancorp DE Increases Stake in The Mosaic Company (NYSE:MOS)

US Bancorp DE lifted its stake in The Mosaic Company (NYSE:MOSGet Rating) by 25.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,319 shares of the basic materials company’s stock after purchasing an additional 4,174 shares during the quarter. US Bancorp DE’s holdings in Mosaic were worth $982,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MOS. Bornite Capital Management LP acquired a new stake in Mosaic during the 1st quarter worth $13,300,000. Sei Investments Co. increased its stake in Mosaic by 7.2% during the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock worth $12,614,000 after purchasing an additional 12,679 shares during the period. Cetera Investment Advisers increased its stake in Mosaic by 7.9% during the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock worth $1,366,000 after purchasing an additional 1,507 shares during the period. National Pension Service purchased a new stake in Mosaic during the first quarter worth about $30,360,000. Finally, Baird Financial Group Inc. grew its position in shares of Mosaic by 55.4% during the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock worth $20,749,000 after buying an additional 111,236 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Down 0.4 %

Shares of MOS opened at $47.06 on Thursday. The stock has a market cap of $16.02 billion, a PE ratio of 4.60, a PEG ratio of 0.72 and a beta of 1.53. The Mosaic Company has a 1 year low of $37.08 and a 1 year high of $79.28. The stock has a 50 day simple moving average of $47.39 and a 200-day simple moving average of $50.14. The company has a current ratio of 1.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOSGet Rating) last announced its quarterly earnings data on Monday, November 7th. The basic materials company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.52 by ($0.30). The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $6.01 billion. Mosaic had a net margin of 20.15% and a return on equity of 35.27%. On average, sell-side analysts predict that The Mosaic Company will post 11.47 EPS for the current fiscal year.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Mosaic’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 1st. Mosaic’s payout ratio is presently 5.87%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Credit Suisse Group downgraded Mosaic from an “outperform” rating to an “underperform” rating in a report on Monday, January 9th. Wells Fargo & Company initiated coverage on Mosaic in a research note on Wednesday. They set an “equal weight” rating for the company. JPMorgan Chase & Co. cut their price target on Mosaic from $75.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Citigroup increased their price objective on Mosaic to $61.00 in a research report on Tuesday, November 15th. Finally, Morgan Stanley lowered their target price on Mosaic from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.20.

Mosaic Company Profile

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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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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