Tiverton Asset Management LLC Sells 3,250 Shares of Mosaic Co (NYSE:MOS)
Tiverton Asset Management LLC cut its position in Mosaic Co (NYSE:MOS) by 17.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,868 shares of the basic materials company’s stock after selling 3,250 shares during the quarter. Tiverton Asset Management LLC’s holdings in Mosaic were worth $372,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its position in shares of Mosaic by 169.1% in the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,003 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in Mosaic during the first quarter worth about $41,000. Rational Advisors LLC increased its stake in Mosaic by 2,825.9% in the 1st quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 1,526 shares during the last quarter. Squar Milner Financial Services LLC increased its stake in Mosaic by 1,452.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Mosaic by 293.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,408 shares of the basic materials company’s stock valued at $85,000 after acquiring an additional 2,541 shares in the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Cheryl K. Beebe purchased 12,998 shares of Mosaic stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now directly owns 23,704 shares of the company’s stock, valued at $455,353.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is owned by insiders.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.18). The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.31 billion. Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Mosaic Co will post 1.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, September 4th. Mosaic’s payout ratio is 9.43%.
Several research analysts have recently commented on MOS shares. Royal Bank of Canada cut their price objective on Mosaic from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Standpoint Research raised Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Zacks Investment Research cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Monday, May 20th. Bank of America raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Monday, June 17th. Finally, Morgan Stanley decreased their target price on shares of Mosaic from $36.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $30.81.
Mosaic Company 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 International Distribution. 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.
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