Wellington Management Group LLP Has $15.30 Million Stake in The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 23.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 571,385 shares of the basic materials company's stock after selling 172,842 shares during the period. Wellington Management Group LLP owned about 0.18% of Mosaic worth $15,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Mosaic by 131.4% during the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company's stock valued at $1,124,000 after acquiring an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $86,189,000 after buying an additional 986,812 shares during the last quarter. Swedbank AB grew its stake in Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company's stock valued at $33,997,000 after buying an additional 28,816 shares during the last quarter. Herr Investment Group LLC lifted its position in Mosaic by 1,318.7% during the 2nd quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company's stock worth $9,601,000 after acquiring an additional 308,792 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mosaic during the 3rd quarter worth about $1,251,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho lifted their price target on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Barclays cut their target price on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. 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. Oppenheimer assumed coverage on shares of Mosaic in a research note on Thursday. They issued a "market perform" rating for the company. Finally, Wells Fargo & Company lowered their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.40.

Mosaic Trading Up 0.5 %

NYSE:MOS traded up $0.13 on Friday, hitting $26.79. 3,141,038 shares of the stock were exchanged, compared to its average volume of 4,361,818. The Mosaic Company has a 52 week low of $24.11 and a 52 week high of $38.30. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company's 50-day moving average price is $26.45 and its 200 day moving average price is $27.31.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results 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 company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic's quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. Mosaic's dividend payout ratio is presently 74.34%.

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.