19,087 Shares in The Mosaic Company (NYSE:MOS) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of The Mosaic Company (NYSE:MOS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,087 shares of the basic materials company’s stock, valued at approximately $511,000.

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

Analyst Ratings Changes

Several equities research analysts have commented on MOS shares. Barclays dropped their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Oppenheimer initiated coverage on shares of Mosaic in a research note on Thursday. They set a “market perform” rating for the company. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.40.

Mosaic Stock Performance

Shares of Mosaic stock opened at $26.79 on Monday. The stock has a market cap of $8.51 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The Mosaic Company has a 12 month low of $24.11 and a 12 month 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 business has a fifty day simple moving average of $26.45 and a 200-day simple moving average of $27.31.

Mosaic (NYSE:MOS) 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. On average, sell-side analysts anticipate that The Mosaic Company will post 2.07 EPS for the current fiscal 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 3.14%. 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.