Jade Capital Advisors LLC Acquires New Position in The Mosaic Company (NYSE:MOS)

Jade Capital Advisors LLC purchased a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,633 shares of the basic materials company's stock, valued at approximately $606,000.

Several other hedge funds also recently modified their holdings of the company. Highlander Capital Management LLC raised its position in Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company's stock valued at $26,000 after buying an additional 670 shares during the period. Blue Trust Inc. boosted its stake in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company's stock worth $36,000 after acquiring an additional 351 shares in the last quarter. Mather Group LLC. bought a new stake in Mosaic during the 1st quarter valued at approximately $40,000. ANTIPODES PARTNERS Ltd bought a new stake in Mosaic during the 2nd quarter valued at approximately $46,000. Finally, Kimelman & Baird LLC bought a new stake in Mosaic during the 2nd quarter valued at approximately $49,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

NYSE:MOS traded up $0.42 during trading hours on Tuesday, hitting $26.44. The stock had a trading volume of 2,148,425 shares, compared to its average volume of 4,370,966. The company has a 50 day simple moving average of $26.69 and a two-hundred day simple moving average of $28.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.54 and a beta of 1.35. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The business had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the business earned $1.04 EPS. Mosaic's revenue for the quarter was down 17.0% compared to the same quarter last year. Research analysts forecast that The Mosaic Company will post 2.34 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic's payout ratio is 35.74%.

Insider Activity

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the transaction, the director now owns 34,359 shares in the company, valued at approximately $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the sale, the senior vice president now owns 136,682 shares of the company's stock, valued at approximately $3,821,628.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays cut their price target on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Mizuho dropped their target price on Mosaic from $31.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. UBS Group decreased their price target on Mosaic from $33.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company decreased their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of "Hold" and an average price target of $33.11.

About Mosaic

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.