MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 19,030 Shares of The Mosaic Company $MOS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 19.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,235 shares of the basic materials company’s stock after purchasing an additional 19,030 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Mosaic were worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MOS. Captrust Financial Advisors lifted its position in Mosaic by 27.5% during the fourth quarter. Captrust Financial Advisors now owns 9,668 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 2,087 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Mosaic in the 4th quarter worth about $1,379,000. Janus Henderson Group PLC lifted its holdings in shares of Mosaic by 64.0% in the 4th quarter. Janus Henderson Group PLC now owns 447,748 shares of the basic materials company’s stock worth $11,004,000 after acquiring an additional 174,748 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Mosaic in the 4th quarter worth about $257,000. Finally, Man Group plc lifted its holdings in shares of Mosaic by 535.0% in the 4th quarter. Man Group plc now owns 407,380 shares of the basic materials company’s stock worth $10,013,000 after acquiring an additional 343,222 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mosaic in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Scotiabank cut their target price on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

Mosaic Stock Performance

Shares of NYSE MOS opened at $33.70 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a 50 day simple moving average of $34.26 and a two-hundred day simple moving average of $31.84. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.57 and a beta of 0.99.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. Mosaic’s payout ratio is 29.83%.

About Mosaic

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.