7,950 Shares in The Mosaic Company $MOS Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,950 shares of the basic materials company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. NBC Securities Inc. acquired a new position in Mosaic in the 1st quarter valued at approximately $26,000. Bangor Savings Bank acquired a new position in Mosaic in the 2nd quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in Mosaic in the 1st quarter valued at approximately $27,000. Finally, Allworth Financial LP increased its position in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 537 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MOS shares. Scotiabank reduced their price objective on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $43.00 price objective (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Barclays upped their price objective on shares of Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Finally, UBS Group upped their price objective on shares of Mosaic from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.42.

Mosaic Stock Performance

MOS opened at $33.42 on Tuesday. 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 company’s fifty day moving average price is $33.92 and its two-hundred day moving average price is $32.34. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.58 and a beta of 0.99.

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

Mosaic Dividend Announcement

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