CX Institutional Invests $226,000 in The Mosaic Company (NYSE:MOS)

CX Institutional bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,368 shares of the basic materials company's stock, valued at approximately $226,000.

A number of other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in Mosaic by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company's stock valued at $2,933,000 after purchasing an additional 1,489 shares in the last quarter. Hourglass Capital LLC acquired a new stake in shares of Mosaic in the fourth quarter worth $1,035,000. Kentucky Retirement Systems Insurance Trust Fund raised its position in Mosaic by 27.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,068 shares of the basic materials company's stock valued at $297,000 after purchasing an additional 2,634 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Mosaic in the fourth quarter valued at $1,056,000. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its position in Mosaic by 7.0% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company's stock valued at $237,000 after buying an additional 619 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.3%

NYSE:MOS traded up $0.12 during mid-day trading on Wednesday, reaching $36.28. The stock had a trading volume of 2,618,199 shares, compared to its average volume of 4,821,101. The stock has a market cap of $11.51 billion, a P/E ratio of 31.26, a PEG ratio of 2.11 and a beta of 1.14. The business's 50 day moving average is $32.26 and its 200 day moving average is $28.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that The Mosaic Company will post 2.04 earnings per share for the current 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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. Mosaic's dividend payout ratio (DPR) is presently 75.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Piper Sandler reaffirmed a "neutral" rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Wall Street Zen downgraded shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Finally, Oppenheimer boosted their target price on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Seven 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. According to MarketBeat, Mosaic currently has an average rating of "Moderate Buy" and an average price target of $34.58.

Insider Activity at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president now directly owns 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company's stock.

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.