Daiwa Securities Group Inc. Purchases 306 Shares of The Mosaic Company (NYSE:MOS)

Daiwa Securities Group Inc. boosted its position in shares of The Mosaic Company (NYSE:MOSGet Rating) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,716 shares of the basic materials company’s stock after purchasing an additional 306 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mosaic were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MOS. High Net Worth Advisory Group LLC purchased a new position in shares of Mosaic during the first quarter valued at $33,000. Penserra Capital Management LLC purchased a new position in Mosaic during the 1st quarter valued at about $44,000. McIlrath & Eck LLC bought a new stake in shares of Mosaic in the 3rd quarter valued at about $34,000. Carolinas Wealth Consulting LLC lifted its position in shares of Mosaic by 3,186.4% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 723 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 701 shares during the period. Finally, CX Institutional bought a new position in shares of Mosaic during the second quarter valued at approximately $34,000. 85.00% of the stock is owned by institutional investors.

Mosaic Trading Up 2.8 %

NYSE:MOS opened at $48.01 on Monday. The company has a market capitalization of $16.35 billion, a P/E ratio of 4.70, a PEG ratio of 0.77 and a beta of 1.53. The company has a current ratio of 1.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 12 month low of $37.08 and a 12 month high of $79.28. The firm has a fifty day simple moving average of $47.16 and a 200-day simple moving average of $50.20.

Mosaic (NYSE:MOSGet Rating) last issued its earnings results on Monday, November 7th. The basic materials company reported $3.22 earnings per share (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 analysts’ expectations of $6.01 billion. Mosaic had a return on equity of 35.27% and a net margin of 20.15%. On average, equities research analysts anticipate that The Mosaic Company will post 11.39 earnings per share for the current year.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, March 2nd will be given a $0.20 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Mosaic’s previous quarterly dividend of $0.15. Mosaic’s dividend payout ratio is currently 5.87%.

Analysts Set New Price Targets

A number of equities analysts recently commented on MOS shares. BNP Paribas downgraded shares of Mosaic from a “neutral” rating to an “underperform” rating and set a $42.00 price objective for the company. in a research note on Friday, January 13th. Citigroup cut Mosaic from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $61.00 to $50.00 in a research note on Friday. JPMorgan Chase & Co. cut their target price on Mosaic from $75.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Wells Fargo & Company initiated coverage on shares of Mosaic in a report on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of 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, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.63.

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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