Global Thematic Partners Lowers stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Global Thematic Partners reduced its stake in Mosaic Co by 0.7% during the most recent quarter end. The investment management company now holds a total of 5,721,608 shares of Mosaic Co which is valued at $160,147,808 after selling 40,410 shares in Mosaic Co , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Mosaic Co makes up approximately 3.34% of Global Thematic Partners’s portfolio.

Mosaic Co opened for trading at $28.27 and hit $28.59 on the upside on Monday, eventually ending the session at $28.52, with a gain of 1.89% or 0.53 points. The heightened volatility saw the trading volume jump to 52,88,029 shares. Company has a market cap of $10,054 M.

Other Hedge Funds, Including , Burt Wealth Advisors added MOS to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $11,196. Mosaic Co makes up approx 0.01% of Burt Wealth Advisors’s portfolio.Pggm Investments boosted its stake in MOS in the latest quarter, The investment management firm added 5,463 additional shares and now holds a total of 225,028 shares of Mosaic Co which is valued at $6,424,549. Mosaic Co makes up approx 0.03% of Pggm Investments’s portfolio.Kanaly Trust Co reduced its stake in MOS by selling 64 shares or 16.71% in the most recent quarter. The Hedge Fund company now holds 319 shares of MOS which is valued at $8,329.Exxonmobil Investment Management Inc Tx boosted its stake in MOS in the latest quarter, The investment management firm added 10,666 additional shares and now holds a total of 85,829 shares of Mosaic Co which is valued at $2,240,995. Mosaic Co makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.

On the company’s financial health, Mosaic Co reported $0.44 EPS for the quarter, based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus estimate of $0.44. The company had revenue of $2163.20 million for the quarter, compared to analysts expectations of $1939.41 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Mosaic Co. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $30 .Barclays Downgraded Mosaic Co on Apr 19, 2016 to ” Underweight”, Price Target of the shares are set at $22.Mosaic Co was Downgraded by HSBC Securities to ” Hold” on Apr 11, 2016.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. The Phosphates segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients and processing plants in Louisiana which produce concentrated phosphate crop nutrients. The Potash segment owns and operates potash mines and production facilities in Canada and the United States which produce potash-based crop nutrients animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production blending or distribution operations in Brazil China India and Paraguay.

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