200,752 Shares in The Mosaic Company $MOS Bought by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management L L P NC acquired 200,752 shares of The Mosaic Company valued at approximately $7.3 million during the second quarter, bringing its stake to 0.06%.
• Mosaic recently issued a quarterly dividend of $0.22 per share, resulting in an annualized dividend yield of 2.6%.
• Several analyst ratings for Mosaic have seen changes, with UBS Group raising its price target from $45 to $46 while others have lowered their targets, reflecting varying market sentiments.

Wedge Capital Management L L P NC acquired a new position in The Mosaic Company (NYSE:MOS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,752 shares of the basic materials company's stock, valued at approximately $7,323,000. Wedge Capital Management L L P NC owned approximately 0.06% of Mosaic as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MOS. Boston Partners raised its position in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Mosaic in the first quarter worth $54,953,000. GMT Capital Corp purchased a new position in Mosaic in the first quarter worth $47,211,000. Nuveen LLC purchased a new position in Mosaic in the first quarter worth $33,897,000. Finally, Victory Capital Management Inc. raised its position in Mosaic by 606.2% in the first quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock worth $37,526,000 after acquiring an additional 1,192,602 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

MOS has been the subject of several research analyst reports. UBS Group increased their price objective on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Zacks Research raised Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Scotiabank decreased their price target on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 11th. Finally, Barclays raised their price target on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Mosaic presently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Stock Performance

Shares of NYSE MOS traded down $0.56 during trading on Monday, reaching $33.42. The stock had a trading volume of 3,230,479 shares, compared to its average volume of 5,386,606. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock has a market cap of $10.61 billion, a PE ratio of 11.33, a P/E/G ratio of 1.58 and a beta of 0.99. The firm's 50 day moving average price is $33.97 and its two-hundred day moving average price is $32.28.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Mosaic's revenue was up 6.7% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, September 8th. Mosaic's dividend payout ratio is presently 29.83%.

Mosaic 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.