Two Sigma Advisers LP increased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 40.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,279,200 shares of the basic materials company's stock after buying an additional 947,500 shares during the quarter. Two Sigma Advisers LP owned 1.03% of Mosaic worth $87,817,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in MOS. Blue Trust Inc. grew its position in Mosaic by 40.0% during 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 in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Mosaic during the second quarter worth about $46,000. Larson Financial Group LLC lifted its stake in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after purchasing an additional 1,809 shares during the period. Kimelman & Baird LLC bought a new position in Mosaic during the second quarter worth about $49,000. Finally, CVA Family Office LLC lifted its stake 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 worth $55,000 after purchasing an additional 384 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
Mosaic Trading Down 0.6 %
MOS stock traded down $0.16 during trading on Friday, hitting $25.45. The company had a trading volume of 2,190,547 shares, compared to its average volume of 4,356,329. 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 50-day moving average price of $26.54 and a 200-day moving average price of $27.56. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.91 and a beta of 1.34.
Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data 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). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the firm earned $0.68 EPS. The business's revenue for the quarter was down 20.8% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 2.07 earnings per share for the current year.
Mosaic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, December 5th. Mosaic's dividend payout ratio is presently 74.34%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MOS. Royal Bank of Canada restated a "sector perform" rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Mizuho raised their price target 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. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 24th. Finally, Barclays cut their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $33.22.
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Mosaic Company Profile
(
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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