Russell Investments Group Ltd. Sells 73,914 Shares of The Mosaic Company (NYSE:MOS)

Russell Investments Group Ltd. reduced its stake in The Mosaic Company (NYSE:MOS – Get Rating) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 371,794 shares of the basic materials company’s stock after selling 73,914 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of Mosaic worth $16,296,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Guardian Wealth Advisors LLC purchased a new stake in Mosaic in the 3rd quarter worth approximately $27,000. High Net Worth Advisory Group LLC purchased a new position in Mosaic in the 1st quarter worth approximately $33,000. Janiczek Wealth Management LLC boosted its stake in Mosaic by 54.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 721 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 254 shares during the period. Neo Ivy Capital Management purchased a new stake in Mosaic during the 3rd quarter valued at approximately $39,000. Finally, First Command Bank raised its position in shares of Mosaic by 60.1% during the second quarter. First Command Bank now owns 866 shares of the basic materials company’s stock valued at $41,000 after buying an additional 325 shares during the last quarter. 85.00% of the stock is owned by institutional investors.

Mosaic Price Performance

NYSE MOS opened at $36.90 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 1.13. The firm’s 50 day moving average price is $45.38 and its 200-day moving average price is $47.67. The Mosaic Company has a 52-week low of $36.20 and a 52-week high of $66.60. The company has a market cap of $12.42 billion, a PE ratio of 4.57, a P/E/G ratio of 0.86 and a beta of 1.49.

Mosaic (NYSE:MOS – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.14). The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Mosaic had a return on equity of 28.64% and a net margin of 15.08%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 earnings per share. Sell-side analysts forecast that The Mosaic Company will post 6.28 EPS for the current fiscal year.

Mosaic Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.17%. Mosaic’s dividend payout ratio (DPR) is presently 12.39%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MOS shares. The Goldman Sachs Group reduced their price target on shares of Mosaic from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. BMO Capital Markets decreased their price target on shares of Mosaic from $65.00 to $55.00 in a research note on Friday, May 5th. Credit Suisse Group lifted their price objective on Mosaic from $39.00 to $42.00 and gave the stock an “underperform” rating in a research note on Thursday, February 23rd. Royal Bank of Canada reduced their price objective on Mosaic from $50.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company started coverage on shares of Mosaic in a research note on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

Mosaic Company Profile

(Get Rating)

The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment is involved in the ownership and operation of mines and production facilities which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants which produce concentrated phosphate crop nutrients.