M&T Bank Corp Has $623,000 Stake in The Mosaic Company (NYSE:MOS)

M&T Bank Corp boosted its holdings in The Mosaic Company (NYSE:MOS) by 13.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,265 shares of the basic materials company’s stock after buying an additional 2,714 shares during the period. M&T Bank Corp’s holdings in Mosaic were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Quarry LP increased its stake in Mosaic by 131.4% during the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after purchasing an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Swedbank AB boosted its holdings in Mosaic by 2.3% during the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares during the last quarter. Herr Investment Group LLC grew its position in Mosaic by 1,318.7% in the second quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after purchasing an additional 308,792 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mosaic in the 3rd quarter valued at $1,251,000. 77.54% of the stock is owned by institutional investors.

Mosaic Price Performance

NYSE:MOS opened at $25.44 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 1.85 and a beta of 1.34. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The firm’s 50-day simple moving average is $26.46 and its 200 day simple moving average is $27.28.

Mosaic (NYSE:MOS) last released 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). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, sell-side analysts predict that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is currently 74.34%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MOS shares. Barclays reduced their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. CIBC started coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Mosaic has an average rating of “Hold” and an average target price of $35.40.

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 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.