Banco Bilbao Vizcaya Argentaria S.A. Increases Holdings in The Mosaic Company $MOS

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in The Mosaic Company (NYSE:MOS) by 65.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,267 shares of the basic materials company’s stock after purchasing an additional 62,338 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Mosaic were worth $5,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Bangor Savings Bank acquired a new stake in shares of Mosaic in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Allworth Financial LP raised its position in shares of Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 537 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Mosaic in the 2nd quarter valued at approximately $31,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company initiated coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price target for the company. Mizuho set a $34.00 price objective on Mosaic in a research note on Monday, October 20th. Bank of America cut their target price on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Mosaic from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $26.00 in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.08.

Mosaic Stock Performance

NYSE MOS opened at $26.05 on Friday. The business’s 50-day moving average price is $31.00 and its 200 day moving average price is $33.38. 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 twelve month low of $22.36 and a twelve month high of $38.23. The company has a market capitalization of $8.27 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

Mosaic Company Profile

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.