Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in The Mosaic Company (NYSE:MOS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of The Mosaic Company (NYSE:MOSFree Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,576 shares of the basic materials company’s stock after acquiring an additional 9,589 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mosaic were worth $11,676,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Denali Advisors LLC boosted its stake in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 414 shares during the last quarter. Janiczek Wealth Management LLC boosted its stake in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares during the last quarter. NBC Securities Inc. bought a new position in Mosaic during the 3rd quarter valued at $57,000. Planned Solutions Inc. bought a new position in Mosaic during the 4th quarter valued at $65,000. Finally, CVA Family Office LLC bought a new position in Mosaic during the 4th quarter valued at $79,000. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research analyst reports. Mizuho reduced their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Scotiabank reduced their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 6th. Wolfe Research initiated coverage on shares of Mosaic in a research report on Friday, March 1st. They issued an “outperform” rating and a $39.00 price target on the stock. Royal Bank of Canada reduced their price target on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, May 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.36.

Read Our Latest Analysis on MOS

Mosaic Stock Down 0.5 %

MOS stock opened at $30.61 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The Mosaic Company has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The firm’s 50-day simple moving average is $31.11 and its 200 day simple moving average is $32.74. The stock has a market cap of $9.85 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.51.

Mosaic (NYSE:MOSGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was down 25.7% on a year-over-year basis. As a group, sell-side analysts predict that The Mosaic Company will post 2.67 EPS for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.74%. Mosaic’s payout ratio is 35.74%.

About Mosaic

(Free Report)

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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