Caxton Associates LLP Invests $3 Million in The Mosaic Company $MOS

Key Points

• Caxton Associates LLP has invested approximately $3 million in The Mosaic Company by acquiring 111,164 shares, indicating growing institutional interest in the basic materials firm.
• The Mosaic Company's stock has received mixed ratings from analysts, with JPMorgan setting a target price of $37, while Wells Fargo reduced its target to $34.
• Mosaic recently declared a quarterly dividend of $0.22 per share, reflecting a 2.7% yield, with a payout ratio of 29.83%.

Caxton Associates LLP bought a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 111,164 shares of the basic materials company's stock, valued at approximately $3,003,000.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Mosaic in the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in Mosaic in the 1st quarter worth about $27,000. Allworth Financial LP grew 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 worth $31,000 after acquiring an additional 537 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Mosaic in the 4th quarter worth about $41,000. Finally, NewEdge Advisors LLC grew its stake in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock worth $47,000 after acquiring an additional 380 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday. Oppenheimer reaffirmed an "outperform" rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company lowered their price target on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Stock Up 0.0%

NYSE:MOS traded up $0.02 during midday trading on Friday, reaching $33.70. 3,338,821 shares of the stock traded hands, compared to its average volume of 3,998,796. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The business has a 50-day moving average of $34.26 and a two-hundred day moving average of $31.84. 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 capitalization of $10.69 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99.

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 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 for the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the previous year, the company earned $0.54 EPS. The company's revenue was up 6.7% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. 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.