The Mosaic Company $MOS Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in The Mosaic Company by 41.6%, selling 206,900 shares and now owning approximately 0.09% of the company valued at $7,831,000.
• A number of institutional investors have recently engaged in trading Mosaic shares, with hedge funds collectively owning 77.54% of the stock.
• Mosaic's most recent earnings report showed an EPS of $0.51, missing estimates, with revenue of $3.01 billion, and the company also announced a quarterly dividend of $0.22 per share.

Adage Capital Partners GP L.L.C. lowered its position in The Mosaic Company (NYSE:MOS - Free Report) by 41.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,920 shares of the basic materials company's stock after selling 206,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Mosaic worth $7,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Capital Management Inc. raised its position in Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock worth $394,000 after acquiring an additional 384 shares during the last quarter. Strengthening Families & Communities LLC raised its position in shares of Mosaic by 12.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock worth $116,000 after purchasing an additional 450 shares during the last quarter. Probity Advisors Inc. raised its position in shares of Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock worth $214,000 after purchasing an additional 508 shares during the last quarter. Allworth Financial LP lifted its stake in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after buying an additional 537 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in Mosaic by 7.4% during the 1st quarter. CreativeOne Wealth LLC now owns 9,021 shares of the basic materials company's stock valued at $244,000 after buying an additional 620 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Up 0.0%

MOS traded up $0.02 during midday trading on Friday, hitting $33.70. The company's stock had a trading volume of 3,338,821 shares, compared to its average volume of 3,998,796. The firm has a market cap of $10.69 billion, a P/E ratio of 11.42, a PEG ratio of 1.57 and a beta of 0.99. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $34.26 and a two-hundred day moving average price of $31.84.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Mosaic's revenue was up 6.7% on a year-over-year basis. On average, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. Mosaic's payout ratio is currently 29.83%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of analyst reports. Barclays boosted their price target on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Scotiabank reduced their target price on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

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.