Holocene Advisors LP increased its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 25.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 176,444 shares of the basic materials company's stock after purchasing an additional 36,154 shares during the quarter. Holocene Advisors LP owned approximately 0.06% of Mosaic worth $4,725,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock worth $36,000 after buying an additional 351 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 354 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Mosaic by 5.0% during the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company's stock valued at $230,000 after purchasing an additional 382 shares during the last quarter. CVA Family Office LLC grew its holdings in Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 384 shares during the last quarter. Finally, CX Institutional grew its holdings in Mosaic by 1.5% during the second quarter. CX Institutional now owns 28,480 shares of the basic materials company's stock valued at $823,000 after purchasing an additional 418 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on MOS. Barclays lowered their price target on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.22.
Get Our Latest Research Report on MOS
Mosaic Price Performance
Shares of NYSE MOS traded down $1.11 during midday trading on Thursday, reaching $25.61. 4,610,683 shares of the company traded hands, compared to its average volume of 4,366,084. The firm has a market cap of $8.13 billion, a PE ratio of 23.65, a PEG ratio of 1.91 and a beta of 1.34. The stock's 50-day simple moving average is $26.55 and its 200-day simple moving average is $27.57. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.
Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.
Mosaic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.28%. Mosaic's dividend payout ratio (DPR) is presently 74.34%.
About Mosaic
(
Free Report)
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.
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