Sumitomo Mitsui Trust Group Inc. Sells 83,269 Shares of The Mosaic Company (NYSE:MOS)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of The Mosaic Company (NYSE:MOS) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 638,044 shares of the basic materials company’s stock after selling 83,269 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mosaic were worth $17,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highlander Capital Management LLC grew its position in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares in the last quarter. Blue Trust Inc. grew its position in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Mosaic during the 2nd quarter worth $46,000. Kimelman & Baird LLC bought a new position in shares of Mosaic during the 2nd quarter worth $49,000. Finally, CVA Family Office LLC grew its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after buying an additional 384 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 0.2 %

Shares of NYSE:MOS opened at $26.38 on Monday. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.71 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $26.38 and a 200-day moving average price of $27.89.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. Equities analysts predict that The Mosaic Company will post 2.21 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MOS. Mizuho raised their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday. Finally, Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $33.22.

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.