Thrivent Financial for Lutherans Increases Holdings in The Mosaic Company (NYSE:MOS)

Thrivent Financial for Lutherans boosted its position in The Mosaic Company (NYSE:MOS) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,195 shares of the basic materials company’s stock after purchasing an additional 14,967 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Mosaic worth $5,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Price T Rowe Associates Inc. MD increased its position in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after buying an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after acquiring an additional 1,628,850 shares during the last quarter. Boston Partners increased its holdings in Mosaic by 1,795.5% during the 1st quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after acquiring an additional 1,211,544 shares in the last quarter. Swedbank AB acquired a new position in Mosaic during the first quarter worth about $37,936,000. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Mosaic by 84.7% in the second quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock valued at $60,205,000 after purchasing an additional 955,199 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on MOS shares. Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Mizuho lifted their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Barclays reduced their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average target price of $33.22.

Mosaic Trading Down 0.1 %

Shares of MOS stock opened at $26.03 on Friday. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The firm’s 50-day simple moving average is $26.44 and its 200-day simple moving average is $27.79. The firm has a market cap of $8.27 billion, a P/E ratio of 23.04, a PEG ratio of 1.77 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. As a group, equities analysts forecast that The Mosaic Company will post 2.11 EPS for the current year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

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.