DRW Securities LLC Makes New Investment in The Mosaic Company $MOS

Key Points

• DRW Securities LLC acquired 150,000 shares of The Mosaic Company, valued at approximately $4,052,000, during the first quarter.
• Mosaic's stocks have received several upgrades from analysts, with Zacks Research and Wall Street Zen rating it as a "strong-buy" and "buy," respectively, amid a consensus target price of $36.42.
• The company announced a quarterly dividend of $0.22 per share, giving it an annualized yield of 2.6% and a payout ratio of 29.83%.

DRW Securities LLC purchased a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 150,000 shares of the basic materials company's stock, valued at approximately $4,052,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOS. NBC Securities Inc. acquired a new stake in shares of Mosaic in the first quarter valued at about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Mosaic in the first quarter valued at about $27,000. Allworth Financial LP grew its position in shares of 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 purchasing an additional 537 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at about $41,000. Finally, Summit Securities Group LLC acquired a new stake in Mosaic during the first quarter worth about $64,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of recent research reports. UBS Group lifted their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company decreased their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Zacks Research raised Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Scotiabank decreased their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Price Performance

NYSE MOS traded down $0.58 during trading on Wednesday, reaching $32.67. 3,380,424 shares of the company traded hands, compared to its average volume of 5,217,079. 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's 50 day moving average price is $34.77 and its two-hundred day moving average price is $31.51. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.55 and a beta of 0.99. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last announced 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). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. As a group, analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 8th. Mosaic's 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.