Patton Fund Management Inc. acquired a new equity position in The Mosaic Company (NYSE: MOS – Get a rating) in the 1st trimester, Holdings Channel.com reports. The company acquired 70,405 shares of the basic materials company, valued at approximately $4,682,000. Mosaic represents approximately 1.3% of Patton Fund Management Inc.’s holdings, making it its 9th largest position.
A number of other major investors have also recently changed their stances in the company. Regent Investment Management LLC increased its stake in Mosaic shares by 0.5% in Q4. Regent Investment Management LLC now owns 54,920 shares of the basic materials company valued at $2,158,000 after purchasing an additional 250 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Mosaic by 1.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,354 shares of the basic materials company valued at $1,487,000 after buying 287 additional shares during the period. JGP Global Gestao de Recursos Ltda. increased its stake in Mosaic by 4.9% in the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 6,299 shares of the basic materials company worth $247,000 after buying 296 more shares in the last quarter. Ieq Capital LLC increased its position in Mosaic shares by 4.7% during the fourth quarter. Ieq Capital LLC now owns 7,102 shares of the basic materials company worth $279,000 after purchasing 318 additional shares during the period. Finally, Boenning & Scattergood Inc. increased its stake in Mosaic shares by 2.3% in the 1st quarter. Boenning & Scattergood Inc. now owns 15,006 shares of the basic materials company valued at $998,000 after acquiring 336 additional shares in the last quarter. 82.54% of the shares are held by hedge funds and other institutional investors.
MOS has been the subject of a number of analyst reports. Citigroup raised its price target on Mosaic shares from $49.00 to $74.00 and gave the company a “neutral” rating in a Tuesday, March 22 research note. Piper Sandler raised its price target on Mosaic from $80.00 to $85.00 and gave the stock an “overweight” rating in a Tuesday, May 31 research note. Mizuho raised its target price on Mosaic from $59.00 to $89.00 in a Friday, April 29 research note. Royal Bank of Canada raised its price target on Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a Thursday, April 21 research report. Finally, Barclays took over Mosaic’s coverage in a Wednesday, June 1 research report. They issued an “underweight” rating and a price target of $59.00 for the company. One research analyst gave the stock a sell rating, seven issued a hold rating and nine gave the company a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.06.
In other Mosaic news, Director Gregory L. Ebel purchased 15,600 shares of Mosaic in a trade that took place on Friday, May 6. The shares were acquired at an average price of $63.49 per share, for a total transaction of $990,444.00. Following the completion of the acquisition, the director now owns 80,068 shares of the company, valued at approximately $5,083,517.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at this link. Also, Vice President Walter F. Precourt III sold 9,647 shares of the company in a transaction that took place on Monday, April 18. The shares were sold at an average price of $78.00, for a total value of $752,466.00. Following the completion of the sale, the vice president now owns 75,000 shares of the company, valued at approximately $5,850,000. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 51,358 shares of the company worth $3,654,151. 0.57% of the shares are held by insiders.
mosaic stock opened at $43.67 on Friday. The company has a market capitalization of $15.81 billion, a price/earnings ratio of 6.19, a P/E/G ratio of 0.48 and a beta of 1.65. The company has a 50-day moving average of $53.93 and a 200-day moving average of $54.49. The company has a debt ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.57. The Mosaic Company has a one-year low of $28.26 and a one-year high of $79.28.
Mosaic (NYSE: MOS – Get a rating) last released its quarterly results on Monday, May 2. The basic materials company reported EPS of $2.41 for the quarter, missing the consensus estimate of $2.44 per ($0.03). The company posted revenue of $3.92 billion for the quarter, versus analyst estimates of $4.11 billion. Mosaic had a net margin of 18.99% and a return on equity of 23.80%. During the same period last year, the company posted earnings per share of $0.57. As a group, sell-side analysts expect The Mosaic Company to post earnings per share of 13.6 for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16. Investors of record on Thursday, June 2 received a dividend of $0.15. The ex-dividend date was Wednesday, June 1. This is a boost from Mosaic’s previous quarterly dividend of $0.11. This represents an annualized dividend of $0.60 and a dividend yield of 1.37%. Mosaic’s dividend payout ratio (DPR) is currently 8.50%.
Mosaic Profile (Get a rating)
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash 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 nutrients, such as diammonium phosphate, monoammonium phosphate and ammonium phosphate products; and phosphate-based feed ingredients primarily under the Biofos and Nexfos brands, as well as a dual sulfate of potash and magnesia product under the K-Mag brand.
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