Handelsbanken Fonder AB Has $2.78 Million Stock Position in The Mosaic Company $MOS

Handelsbanken Fonder AB lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,200 shares of the basic materials company’s stock after selling 3,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mosaic were worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. TD Waterhouse Canada Inc. raised its position 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 worth $447,000 after purchasing an additional 333 shares during the period. Ancora Advisors LLC raised 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 worth $1,087,000 after buying an additional 350 shares during the period. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Mosaic by 25.7% in the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock valued at $69,000 after buying an additional 387 shares during the period. Finally, Abundance Wealth Counselors increased its position in shares of Mosaic by 1.8% during the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 413 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MOS shares. The Goldman Sachs Group reduced their target price on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. UBS Group decreased their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Barclays cut their target price on Mosaic from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Mizuho set a $34.00 price objective on shares of Mosaic in a report on Monday, October 20th. Finally, Bank of America reduced their target price on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus target price of $33.08.

Mosaic Trading Up 2.3%

NYSE MOS opened at $24.15 on Wednesday. The company has a market cap of $7.66 billion, a PE ratio of 8.19, a PEG ratio of 0.94 and a beta of 1.00. 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 Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a 50 day moving average of $29.72 and a 200-day moving average of $33.05.

Mosaic (NYSE:MOS) last issued its earnings results 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. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. On average, equities research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, December 4th. Mosaic’s dividend payout ratio (DPR) is 22.80%.

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.