Groupama Asset Managment Reduces Position in The Mosaic Company $MOS

Groupama Asset Managment reduced its position in The Mosaic Company (NYSE:MOS) by 76.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,525 shares of the basic materials company’s stock after selling 33,806 shares during the quarter. Groupama Asset Managment’s holdings in Mosaic were worth $372,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. grew its stake in shares of Mosaic by 2.8% during the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock valued at $447,000 after buying an additional 333 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Mosaic by 0.9% during the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock valued at $1,087,000 after acquiring an additional 350 shares during the period. NewEdge Advisors LLC grew its position in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 380 shares during the last quarter. UMB Bank n.a. increased its stake in Mosaic by 25.7% in the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 387 shares during the period. Finally, Abundance Wealth Counselors increased its stake in Mosaic by 1.8% in the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 413 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 1.4%

Shares of NYSE MOS opened at $24.60 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $7.81 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The stock’s fifty day simple moving average is $29.14 and its two-hundred day simple moving average is $32.86. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the prior year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. As a group, analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. Mosaic’s payout ratio is presently 22.80%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MOS shares. UBS Group lowered their price objective on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Scotiabank boosted their price target on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wells Fargo & Company began coverage on Mosaic in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 price objective on the stock. Bank of America decreased their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, HSBC dropped their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus target price of $32.73.

Mosaic 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.