Redwood Investment Management LLC Buys Shares of 67,330 The Mosaic Company (NYSE:MOS)

Redwood Investment Management LLC purchased a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,330 shares of the basic materials company's stock, valued at approximately $1,818,000.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company's stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company's stock worth $86,189,000 after buying an additional 986,812 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of Mosaic by 84.7% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company's stock worth $60,205,000 after acquiring an additional 955,199 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Mosaic by 15.1% in the second quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company's stock valued at $95,691,000 after acquiring an additional 435,598 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Mosaic by 13.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company's stock valued at $78,717,000 after acquiring an additional 359,760 shares during the period. Institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of research analyst reports. Barclays cut their target price on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Mizuho upped their price objective on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Wells Fargo & Company lowered their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. One investment 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $33.22.

Mosaic Stock Down 0.2 %

Shares of Mosaic stock traded down $0.06 during midday trading on Friday, hitting $25.55. The company's stock had a trading volume of 3,238,390 shares, compared to its average volume of 4,361,312. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.12 billion, a P/E ratio of 22.61, a PEG ratio of 1.91 and a beta of 1.34. The stock has a 50-day simple moving average of $26.51 and a 200-day simple moving average of $27.52.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business 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 company's revenue was down 20.8% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. As a group, sell-side analysts expect that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 annualized dividend and a yield of 3.29%. Mosaic's dividend payout ratio is presently 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.