Driehaus Capital Management LLC Takes $7.07 Million Position in The Mosaic Company $MOS

Key Points

• Driehaus Capital Management LLC has acquired a new position in The Mosaic Company, purchasing 261,609 shares valued at approximately $7.07 million, which represents 0.08% of the company.
• Mosaic's recent quarterly earnings report showed an EPS of $0.51, missing estimates of $0.71, but the company's revenue increased by 6.7% year-over-year.
• The company has announced a quarterly dividend of $0.22 per share, resulting in an annualized yield of 2.6%, with the payment set for September 18th.

Driehaus Capital Management LLC acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 261,609 shares of the basic materials company's stock, valued at approximately $7,066,000. Driehaus Capital Management LLC owned 0.08% of Mosaic as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MOS. NBC Securities Inc. acquired a new stake in Mosaic in the first quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Mosaic in the first quarter valued at approximately $27,000. Allworth Financial LP grew its stake in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 537 shares during the period. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter valued at approximately $41,000. Finally, Summit Securities Group LLC bought a new position in shares of Mosaic in the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MOS. Barclays raised their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. UBS Group raised their target price on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Stock Performance

Mosaic stock traded down $0.58 during mid-day trading on Wednesday, reaching $32.67. 3,380,424 shares of the company's stock were exchanged, compared to its average volume of 5,484,220. The business's fifty day simple moving average is $34.83 and its 200 day simple moving average is $31.51. The firm has a market capitalization of $10.37 billion, a PE ratio of 11.07, a P/E/G ratio of 1.55 and a beta of 0.99. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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 analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The business's quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 8th. 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.