Economy

Majedie Asset Management Ltd Modifies Its Investment in Mosaic Company (MOS)

As of quarter end Skba Capital Management LLC had disposed of 11,400 shares trimming its stake by 1.4%. It turned negative, as 77 investors sold MOS shares while 150 reduced holdings. CIBC Asset Management Inc grew its holdings in Mosaic Company (The) by 0.4% during the 2nd quarter. Mayo Investment Advisers Llc acquired 115,410 shares as Mosaic Co New Com (MOS)'s stock declined 29.59%. Sentry Investment Management LLC now owns 23,662 shares of the company's stock worth $540,000 after acquiring an additional 223 shares in the last quarter. Ltd. raised its stake in Mosaic Company (The) by 139.6% in the second quarter.

In other Mosaic Company (The) news, Director Robert L. Lumpkins bought 7,000 shares of the company's stock in a transaction that occurred on Monday, August 21st. Td Asset Management Inc controls 117,289 shares with a value of $2,532,000. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Mosaic Company (The) by 1.4% in the 2nd quarter.

More notable recent Mosaic Co (NYSE:MOS) news were published by: Prnewswire.com which released: "The Mosaic Company Reports Third Quarter 2017 Results" on October 31, 2017, also Bizjournals.com with their article: "Mosaic shutdown in Plant City adds to the growing number of layoffs in Tampa Bay" published on November 02, 2017, Gurufocus.com published: "First Interstate Bank Buys The Mosaic Co, General Electric Co, Quanta Services ..." on November 08, 2017. About 4.83M shares traded or 15.00% up from the average. The company has market cap of $8.19 billion. The company had Year Ago Sales of 1.86 Billion. The value of the investment in Mosaic Company decreased from $19,024,000 to $17,744,000 a change of $1,280,000 for the reporting period. The institutional investor held 392,868 shares of the health care company at the end of 2017Q2, valued at $13.20M, up from 271,656 at the end of the previous reported quarter. Mosaic Company (The) had a net margin of 4.68% and a return on equity of 3.61%. The company had revenue of C$1.98 billion for the quarter, compared to the consensus estimate of C$1.93 billion. The firm's quarterly revenue was up 1.7% compared to the same quarter past year. Mosaic Company (The)'s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts predict that Mosaic Company will post 0.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. As per Tuesday, February 16, the company rating was downgraded by Societe Generale. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.57%. Mosaic Company (The)'s payout ratio is 62.50%.

MOS has been the subject of several analyst reports.

Equity analyst Citigroup raised the price target on November 2 changing the price objective from $23.00 to $25.00 and issued a "Neutral" recommendation. Stifel Nicolaus reissued a hold rating and issued a $27.00 target price on shares of Mosaic Company (The) in a research note on Friday, July 14th. The firm has "Buy" rating by CLSA given on Wednesday, November 2. Zacks Investment Research upgraded Mosaic Company (The) from a strong sell rating to a hold rating in a report on Wednesday, July 12th. Mosaic Company (The) now has an average rating of Hold and a consensus target price of C$23.91. Boston Advisors LLC bought a new stake in Mosaic Company (The) during the second quarter worth about $204,000. If you are accessing this news story on another website, it was stolen and republished in violation of USA and worldwide copyright and trademark legislation. Glenmede Tru Na, Pennsylvania-based fund reported 33,758 shares. The total value of its holdings decreased 11.3%. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Firm operates through three divisions: Phosphates, Potash and International Distribution. The Firm is a supplier of phosphate- and potash crop nutrients and animal feed ingredients. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.



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