Centiva Capital LP Buys New Shares in The Mosaic Company (NYSE:MOS)

Centiva Capital LP purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,320 shares of the basic materials company's stock, valued at approximately $1,026,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Mosaic during the second quarter worth $3,610,000. Swedbank AB raised its position in Mosaic by 6.2% during the 2nd quarter. Swedbank AB now owns 1,240,678 shares of the basic materials company's stock worth $35,856,000 after buying an additional 71,986 shares during the last quarter. Quarry LP lifted its stake in shares of Mosaic by 131.4% in the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company's stock worth $1,124,000 after acquiring an additional 22,084 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Finally, Herr Investment Group LLC boosted its holdings in shares of 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 acquiring an additional 308,792 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Mosaic Trading Down 0.2 %

NYSE:MOS traded down $0.06 on Friday, reaching $25.55. The stock had a trading volume of 3,237,990 shares, compared to its average volume of 4,361,241. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.91 and a beta of 1.34. The firm's fifty day moving average is $26.54 and its two-hundred day moving average is $27.56. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business's quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Equities analysts expect that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 3.29%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic's dividend payout ratio is currently 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.