Bayesian Capital Management LP Sells 50,482 Shares of The Mosaic Company (NYSE:MOS)

Bayesian Capital Management LP trimmed its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,800 shares of the basic materials company's stock after selling 50,482 shares during the quarter. Bayesian Capital Management LP's holdings in Mosaic were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC increased its stake in Mosaic by 4.0% in the third quarter. Tidal Investments LLC now owns 39,617 shares of the basic materials company's stock valued at $1,061,000 after purchasing an additional 1,534 shares during the last quarter. Franklin Resources Inc. grew its stake in Mosaic by 30.3% in the third quarter. Franklin Resources Inc. now owns 300,338 shares of the basic materials company's stock worth $7,854,000 after purchasing an additional 69,763 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Mosaic by 20.5% during the 4th quarter. GAMMA Investing LLC now owns 11,444 shares of the basic materials company's stock worth $281,000 after buying an additional 1,946 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Mosaic during the 4th quarter worth approximately $765,000. Finally, Czech National Bank lifted its holdings in Mosaic by 6.1% during the 4th quarter. Czech National Bank now owns 68,872 shares of the basic materials company's stock worth $1,693,000 after buying an additional 3,963 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of NYSE:MOS traded up $0.91 on Tuesday, reaching $33.86. 2,167,400 shares of the company's stock were exchanged, compared to its average volume of 5,800,904. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $33.99. 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 market capitalization of $10.73 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.42 and a beta of 1.09. The company has a fifty day moving average of $27.30 and a 200-day moving average of $26.58.

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

Mosaic Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is currently 75.86%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MOS. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price for the company in a research note on Thursday, March 20th. Wells Fargo & Company upped their price target on Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday. UBS Group raised their price objective on Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Barclays raised shares of Mosaic from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Finally, Scotiabank lifted their price objective on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.75.

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.