GAM Holding AG Sells 10,009 Shares of Mosaic Co. (MOS)
GAM Holding AG reduced its stake in shares of Mosaic Co. (NYSE:MOS) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 254,838 shares of the company’s stock after selling 10,009 shares during the period. GAM Holding AG’s holdings in Mosaic were worth $6,217,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Suntrust Banks Inc. boosted its position in shares of Mosaic by 0.9% in the second quarter. Suntrust Banks Inc. now owns 8,046 shares of the company’s stock valued at $210,000 after buying an additional 74 shares during the period. Indiana Trust & Investment Management CO boosted its position in shares of Mosaic by 0.5% in the third quarter. Indiana Trust & Investment Management CO now owns 17,319 shares of the company’s stock valued at $424,000 after buying an additional 90 shares during the period. Conning Inc. boosted its stake in Mosaic by 1.9% in the second quarter. Conning Inc. now owns 8,920 shares of the company’s stock valued at $234,000 after buying an additional 170 shares during the period. Gateway Investment Advisers LLC boosted its stake in Mosaic by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 26,302 shares of the company’s stock valued at $689,000 after buying an additional 221 shares during the period. Finally, US Bancorp DE boosted its stake in Mosaic by 0.5% in the second quarter. US Bancorp DE now owns 45,295 shares of the company’s stock valued at $1,186,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 90.69% of the company’s stock.
Mosaic Co. (NYSE:MOS) traded down 0.11% during trading on Tuesday, hitting $27.04. 4,047,196 shares of the stock traded hands. The firm has a 50-day moving average price of $25.52 and a 200 day moving average price of $26.51. Mosaic Co. has a 52-week low of $22.02 and a 52-week high of $32.26. The company has a market cap of $9.47 billion, a P/E ratio of 21.55 and a beta of 1.25.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.23. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted $0.62 EPS. Mosaic’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, equities analysts expect that Mosaic Co. will post $0.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, November 29th. Mosaic’s dividend payout ratio (DPR) is 88.00%.
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MOS has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $23.00 price objective on shares of Mosaic in a research report on Wednesday, August 3rd. Vertical Research cut shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, Susquehanna cut shares of Mosaic from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $28.00 in a research report on Wednesday, August 17th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.03.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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