1,747,900 Shares in The Mosaic Company $MOS Acquired by GMT Capital Corp

Key Points

• GMT Capital Corp has acquired a new stake in The Mosaic Company, purchasing approximately 1.75 million shares valued at around $47.21 million, representing 2.5% of their portfolio.
• Mosaic's recent earnings report revealed an EPS of $0.51, missing expectations by $0.20, with revenue of $3.01 billion, below the forecast of $3.11 billion.
• The company declared a quarterly dividend of $0.22 per share, set to be paid on September 18th, with a dividend yield of 2.6%.

GMT Capital Corp purchased a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,747,900 shares of the basic materials company's stock, valued at approximately $47,211,000. Mosaic accounts for approximately 2.5% of GMT Capital Corp's holdings, making the stock its 17th largest holding. GMT Capital Corp owned approximately 0.55% of Mosaic as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. Twin Capital Management Inc. boosted its holdings in shares of Mosaic by 2.7% in the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after acquiring an additional 384 shares in the last quarter. Strengthening Families & Communities LLC boosted its holdings in shares of Mosaic by 12.0% in the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 450 shares in the last quarter. Probity Advisors Inc. boosted its holdings in shares of Mosaic by 6.2% in the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 508 shares in the last quarter. Allworth Financial LP boosted its holdings in Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after buying an additional 537 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in Mosaic by 7.4% during the first quarter. CreativeOne Wealth LLC now owns 9,021 shares of the basic materials company's stock worth $244,000 after buying an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Trading Down 1.8%

Shares of NYSE:MOS traded down $0.58 during trading on Wednesday, reaching $32.67. The stock had a trading volume of 3,350,610 shares, compared to its average volume of 5,475,897. The business has a fifty day moving average price of $34.83 and a 200-day moving average price of $31.51. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.37 billion, a P/E ratio of 11.07, a PEG ratio of 1.55 and a beta of 0.99. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The firm had revenue of $3.01 billion during 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 business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. As a group, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 8th. Mosaic's payout ratio is currently 29.83%.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Oppenheimer reissued an "outperform" rating and set a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Wells Fargo & Company decreased their price objective on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

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.