Pekin Hardy Strauss Inc. lifted its position in The Mosaic Company (NYSE:MOS – Free Report) by 13.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,559 shares of the basic materials company’s stock after purchasing an additional 37,634 shares during the quarter. Mosaic comprises about 1.2% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 6th biggest position. Pekin Hardy Strauss Inc.’s holdings in Mosaic were worth $10,800,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MOS. Bank Julius Baer & Co. Ltd Zurich grew its position in Mosaic by 64,942.3% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380,407,544 shares of the basic materials company’s stock worth $48,314,264,000 after acquiring an additional 1,378,285,221 shares in the last quarter. State Street Corp grew its position in Mosaic by 0.5% in the first quarter. State Street Corp now owns 17,316,083 shares of the basic materials company’s stock worth $794,460,000 after acquiring an additional 81,245 shares in the last quarter. Geode Capital Management LLC grew its position in Mosaic by 2.3% in the first quarter. Geode Capital Management LLC now owns 7,230,422 shares of the basic materials company’s stock worth $332,410,000 after acquiring an additional 160,329 shares in the last quarter. Capital International Investors purchased a new position in Mosaic in the first quarter worth about $412,663,000. Finally, Bank of America Corp DE grew its position in Mosaic by 38.1% in the first quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock worth $260,958,000 after acquiring an additional 1,570,465 shares in the last quarter. 84.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on MOS. Barclays lowered Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 target price for the company. in a research report on Monday, August 14th. Berenberg Bank boosted their target price on Mosaic to $41.00 in a research report on Thursday, October 5th. Piper Sandler boosted their target price on Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Mizuho restated a “buy” rating and set a $48.00 target price on shares of Mosaic in a research report on Wednesday, September 13th. Finally, StockNews.com began coverage on Mosaic in a report on Thursday, October 5th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.53.
Mosaic Stock Performance
Shares of MOS traded up $1.59 during trading hours on Thursday, reaching $34.36. 1,706,986 shares of the company traded hands, compared to its average volume of 4,052,411. The stock has a market capitalization of $11.42 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.17 and a beta of 1.56. The company has a quick ratio of 0.53, a current ratio of 1.18 and a debt-to-equity ratio of 0.19. The Mosaic Company has a 12-month low of $31.44 and a 12-month high of $57.46. The business has a fifty day moving average price of $35.78 and a 200-day moving average price of $36.92.
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Mosaic had a net margin of 8.80% and a return on equity of 12.70%. Mosaic’s quarterly revenue was down 33.7% compared to the same quarter last year. During the same period last year, the firm earned $3.22 earnings per share. Equities analysts anticipate that The Mosaic Company will post 3.91 EPS for the current fiscal year.
Mosaic Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, December 6th. Mosaic’s dividend payout ratio (DPR) is presently 20.51%.
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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