Massachusetts Financial Services Co. MA Lowers Holdings in The Mosaic Company (NYSE:MOS)

Massachusetts Financial Services Co. MA lessened its holdings in The Mosaic Company (NYSE:MOS) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,173 shares of the basic materials company’s stock after selling 751 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Mosaic were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC boosted its stake in Mosaic by 37.4% during the first quarter. Lazard Asset Management LLC now owns 16,803 shares of the basic materials company’s stock worth $544,000 after buying an additional 4,574 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Mosaic during the 1st quarter worth approximately $386,000. Janus Henderson Group PLC increased its holdings in Mosaic by 7.6% in the 1st quarter. Janus Henderson Group PLC now owns 196,328 shares of the basic materials company’s stock valued at $6,372,000 after purchasing an additional 13,898 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Mosaic by 681.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 72,390 shares of the basic materials company’s stock valued at $2,577,000 after purchasing an additional 63,129 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Mosaic by 1.3% during the first quarter. California State Teachers Retirement System now owns 568,032 shares of the basic materials company’s stock worth $18,438,000 after purchasing an additional 7,497 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MOS. Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Barclays reduced their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Mizuho upped their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Stock Performance

NYSE:MOS opened at $25.73 on Thursday. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm has a market capitalization of $8.17 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The business’s fifty day moving average price is $26.45 and its 200 day moving average price is $27.70.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, sell-side analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is 74.34%.

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.