Adage Capital Partners GP L.L.C. Trims Stock Holdings in The Mosaic Company $MOS

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Mosaic during the 1st quarter worth approximately $27,000. Allworth Financial LP lifted its holdings in Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after buying an additional 537 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic during the 4th quarter worth approximately $41,000. Finally, Summit Securities Group LLC bought a new position in Mosaic during the 1st quarter worth approximately $64,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MOS. UBS Group increased their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays increased their target price on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price target on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Wells Fargo & Company cut their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Two investment 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 stock. According to data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Stock Down 0.6%

MOS opened at $32.42 on Monday. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The stock has a market cap of $10.29 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.51 and a beta of 0.99. The stock's 50 day moving average price is $34.66 and its 200 day moving average price is $31.66.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, research analysts predict 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 2.7%. Mosaic's dividend payout ratio (DPR) is currently 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.

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