The Mosaic Company (NYSE:MOS) Stock Holdings Boosted by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lifted its position in shares of The Mosaic Company (NYSE:MOS) by 1,043.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 109,699 shares of the basic materials company’s stock after acquiring an additional 100,105 shares during the period. Point72 Hong Kong Ltd’s holdings in Mosaic were worth $2,696,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its position in shares of Mosaic by 8.7% during the fourth quarter. ProShare Advisors LLC now owns 54,150 shares of the basic materials company’s stock worth $1,331,000 after acquiring an additional 4,336 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Mosaic by 386.8% during the fourth quarter. Quantinno Capital Management LP now owns 64,733 shares of the basic materials company’s stock worth $1,591,000 after acquiring an additional 51,435 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Mosaic during the fourth quarter worth about $115,000. Man Group plc grew its position in shares of Mosaic by 535.0% during the fourth quarter. Man Group plc now owns 407,380 shares of the basic materials company’s stock worth $10,013,000 after acquiring an additional 343,222 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Mosaic during the fourth quarter worth about $257,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $34.65 on Friday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $34.78. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $27.85 and a 200-day moving average of $26.74. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is 75.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MOS. Wells Fargo & Company increased their target price on shares of Mosaic from $28.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday. The Goldman Sachs Group began coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price for the company. Royal Bank of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $40.00 in a research report on Thursday, May 8th. Scotiabank increased their target price on shares of Mosaic from $34.00 to $42.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Mosaic from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Company 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.