Swiss National Bank Sells 29,200 Shares of The Mosaic Company (NYSE:MOS)

Swiss National Bank trimmed its position in shares of The Mosaic Company (NYSE:MOS) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,039,100 shares of the basic materials company’s stock after selling 29,200 shares during the period. Swiss National Bank’s holdings in Mosaic were worth $37,127,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Mosaic by 29.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company’s stock valued at $3,360,000 after purchasing an additional 21,706 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Mosaic by 91.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,092 shares of the basic materials company’s stock worth $2,210,000 after acquiring an additional 29,644 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Mosaic by 1.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 65,915 shares of the basic materials company’s stock worth $2,347,000 after acquiring an additional 765 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Mosaic by 41.7% during the 3rd quarter. TD Asset Management Inc now owns 319,439 shares of the basic materials company’s stock valued at $11,372,000 after acquiring an additional 94,063 shares during the last quarter. Finally, ING Groep NV increased its position in Mosaic by 63.7% in the third quarter. ING Groep NV now owns 357,265 shares of the basic materials company’s stock worth $12,719,000 after purchasing an additional 139,045 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MOS. Scotiabank lowered their price objective on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research note on Monday. Mizuho dropped their price objective on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada cut their price objective on shares of Mosaic from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. Finally, The Goldman Sachs Group dropped their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $38.57.

Mosaic Stock Up 2.9 %

NYSE:MOS opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The Mosaic Company has a 1-year low of $27.83 and a 1-year high of $42.81. The company has a 50-day moving average of $31.33 and a 200 day moving average of $32.93. The firm has a market cap of $9.62 billion, a PE ratio of 12.72 and a beta of 1.51.

Mosaic (NYSE:MOS) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm’s quarterly revenue was down 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. As a group, research analysts anticipate that The Mosaic Company will post 2.78 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is 35.74%.

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.