Massmutual Trust Co. FSB ADV increases its equity holding in The Mosaic Company (NYSE:MOS)
Massmutual Trust Co. FSB ADV increased its stake in The Mosaic Company (NYSE: MOS – Get a rating) by 158.8% in the first quarter, HoldingsChannel.com reports. The institutional investor held 1,752 shares of the basic materials company after purchasing an additional 1,075 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Mosaic were worth $117,000 when it last filed with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently changed their holdings of MOS. Tudor Investment Corp Et Al purchased a new stake in shares of Mosaic during the third quarter worth approximately $1,448,000. MML Investors Services LLC increased its position in Mosaic shares by 44.3% during the third quarter. MML Investors Services LLC now owns 21,246 shares of the basic materials company worth $759,000 after buying an additional 6,526 shares last quarter. Wellington Management Group LLP increased its position in Mosaic shares by 0.4% during the third quarter. Wellington Management Group LLP now owns 560,320 shares of the basic materials company worth $20,015,000 after buying an additional 2,242 shares last quarter. Corient Capital Partners LLC purchased a new stake in shares of Mosaic during the third quarter at a value of approximately $227,000. Finally, FinTrust Capital Advisors LLC increased its position in Mosaic shares by 742.9% during the third quarter. FinTrust Capital Advisors LLC now owns 1,610 shares of the basic materials company worth $58,000 after buying 1,419 additional shares in the last quarter. Institutional investors and hedge funds hold 82.54% of the company’s shares.
In other news, Vice Chairman Walter F. Precourt III sold 9,647 shares of Mosaic in a trade on Monday, April 18. The stock was sold at an average price of $78.00, for a total value of $752,466.00. Following the transaction, the vice president now directly owns 75,000 shares of the company, valued at approximately $5,850,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Also, CEO James Calvin O’Rourke sold 27,681 Mosaic shares in a trade on Tuesday, April 12. The shares were sold at an average price of $74.97, for a total value of $2,075,244.57. Following completion of the transaction, the CEO now owns 135,220 shares of the company, valued at $10,137,443.40. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 89,039 shares of the company valued at $6,499,395. 0.57% of the shares are currently held by company insiders.
Several research companies have recently published reports on MOS. Royal Bank of Canada raised its target price on Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a Thursday, April 21 research report. Goldman Sachs Group upgraded Mosaic from a “neutral” rating to a “buy” rating and set a price target of $83.00 for the company in a Tuesday, March 15 report. Berenberg Bank downgraded Mosaic from a “buy” rating to a “hold” rating and set a price target of $50.00 for the company. in a research note on Thursday, February 24. Exane BNP Paribas downgraded Mosaic from an “outperform” rating to a “neutral” rating and set a price target of $82.00 for the company. in a research note from Wednesday, April 20. Finally, Morgan Stanley raised its price target on Mosaic from $40.00 to $60.00 and gave the company an “equal weight” rating in a Thursday, March 17 research note. One equity research analyst gave the stock a sell rating, seven gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.44.
Shares of NYSE MOS opened at $45.24 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.23 and a debt ratio of 0.29. The company has a fifty-day simple moving average of $60.58 and a two-hundred-day simple moving average of $53.54. The company has a market capitalization of $16.38 billion, a PE ratio of 6.41, a price-to-earnings growth ratio of 0.53 and a beta of 1.57. The Mosaic Company has a 12-month low of $28.26 and a 12-month high of $79.28.
Mosaic (NYSE: MOS – Get a rating) last released its results on Monday, May 2. The basic materials company reported earnings per share of $2.41 for the quarter, missing consensus analyst estimates of $2.44 per ($0.03). The company posted revenue of $3.92 billion for the quarter, versus a consensus estimate of $4.11 billion. Mosaic had a net margin of 18.99% and a return on equity of 23.80%. During the same period last year, the company earned earnings per share of $0.57. On average, research analysts expect The Mosaic Company to post earnings per share of 13.9 for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Shareholders of record on Thursday, June 2 received a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 1. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. This represents a dividend of $0.60 on an annualized basis and a yield of 1.33%. Mosaic’s payout ratio is 8.50%.
About Mosaic (Get a rating)
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash 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 nutrients, such as diammonium phosphate, monoammonium phosphate and ammonium phosphate products; and phosphate-based feed ingredients primarily under the Biofos and Nexfos brands, as well as a dual sulfate of potash and magnesia product under the K-Mag brand.
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