The Mosaic Company (NYSE:MOS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 3,838.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 450,662 shares of the basic materials company's stock after buying an additional 439,218 shares during the period. GAMMA Investing LLC owned 0.14% of Mosaic worth $12,172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. Tobam acquired a new stake in shares of Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic in the fourth quarter valued at approximately $41,000. Ethos Financial Group LLC acquired a new stake in Mosaic in the fourth quarter valued at approximately $55,000. ANTIPODES PARTNERS Ltd increased its position in shares of Mosaic by 115.1% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after buying an additional 1,694 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Mosaic by 54.1% during the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

MOS stock traded down $0.52 on Tuesday, reaching $34.08. 8,515,454 shares of the company's stock were exchanged, compared to its average volume of 4,777,034. The stock has a fifty day moving average of $31.06 and a 200-day moving average of $27.84. The firm has a market cap of $10.81 billion, a PE ratio of 30.16, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the company posted $0.65 EPS. The business's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. Mosaic's dividend payout ratio (DPR) is presently 75.86%.

Insider Activity

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the sale, the senior vice president now owns 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

MOS has been the subject of several recent analyst reports. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Piper Sandler reiterated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Mizuho reduced their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Barclays reaffirmed an "overweight" rating and issued a $40.00 price target (up from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $40.00 in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Company 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.