MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in The Mosaic Company (NYSE:MOS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in The Mosaic Company (NYSE:MOS) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,205 shares of the basic materials company’s stock after buying an additional 15,469 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Mosaic were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MOS. Pacer Advisors Inc. increased its holdings in Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares during the period. OLD National Bancorp IN increased its holdings in shares of Mosaic by 33.8% in the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the period. Swedbank AB raised its position in shares of Mosaic by 9.3% in the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after buying an additional 117,838 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Mosaic during the fourth quarter valued at $1,054,000. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. Royal Bank of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $40.00 in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price objective on Mosaic from $28.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. CIBC raised their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Oppenheimer lifted their target price on shares of Mosaic from $33.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group started coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Price Performance

Shares of Mosaic stock opened at $35.50 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $35.96. The company has a fifty day moving average of $28.48 and a 200-day moving average of $26.91. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 75.86%.

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.