63,981 Shares in The Mosaic Company (NYSE:MOS) Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 63,981 shares of the basic materials company's stock, valued at approximately $1,573,000.

Other institutional investors have also recently made changes to their positions in the company. Intellectus Partners LLC increased its stake in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after acquiring an additional 400 shares during the last quarter. Arizona State Retirement System raised its holdings in Mosaic by 0.5% in the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after buying an additional 471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Mosaic by 1.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock valued at $799,000 after buying an additional 570 shares during the last quarter. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in shares of Mosaic by 7.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 8,947 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MOS shares. Oppenheimer raised shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research report on Thursday, March 20th. CIBC lifted their price objective on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday. The Goldman Sachs Group started coverage on Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price objective on the stock. Mizuho lowered their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.17.

Mosaic Stock Up 1.3 %

Shares of MOS traded up $0.42 during midday trading on Friday, reaching $32.67. The stock had a trading volume of 4,674,325 shares, compared to its average volume of 4,654,611. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.42 and a beta of 1.09. The company's fifty day simple moving average is $27.13 and its two-hundred day simple moving average is $26.54. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $32.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly 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. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period last year, the firm earned $0.65 earnings per share. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors 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 2.69%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is 160.00%.

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.