21,829 Shares in The Mosaic Company $MOS Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. has made a new investment of approximately $796,000 in The Mosaic Company by acquiring 21,829 shares during the second quarter.
• The Mosaic Company reported a missed earnings per share estimate of $0.51 for the last quarter, falling short of expectations by $0.20, with a revenue of $3.01 billion.
• Mosaic has announced a quarterly dividend of $0.22 per share, which will be paid on September 18th, reflecting a 2.6% dividend yield.

Contravisory Investment Management Inc. bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,829 shares of the basic materials company's stock, valued at approximately $796,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. Captrust Financial Advisors grew its position in shares of Mosaic by 27.5% during the fourth quarter. Captrust Financial Advisors now owns 9,668 shares of the basic materials company's stock worth $238,000 after acquiring an additional 2,087 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Mosaic by 18.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 100,205 shares of the basic materials company's stock valued at $2,463,000 after purchasing an additional 15,469 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Mosaic during the 4th quarter valued at about $257,000. Quantinno Capital Management LP grew its holdings in shares of Mosaic by 386.8% during the 4th quarter. Quantinno Capital Management LP now owns 64,733 shares of the basic materials company's stock worth $1,591,000 after purchasing an additional 51,435 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Mosaic by 8.7% in the 4th quarter. ProShare Advisors LLC now owns 54,150 shares of the basic materials company's stock worth $1,331,000 after acquiring an additional 4,336 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Analysts Set New Price Targets

MOS has been the topic of several research reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Wells Fargo & Company cut their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Scotiabank lowered their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their price objective on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Two research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Price Performance

Shares of NYSE MOS traded down $0.25 during mid-day trading on Friday, hitting $33.97. 4,302,160 shares of the stock traded hands, compared to its average volume of 3,916,739. 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 Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a market cap of $10.78 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The firm has a 50 day simple moving average of $33.97 and a two-hundred day simple moving average of $32.23.

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

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 2.6%. Mosaic's dividend payout ratio is presently 29.83%.

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.