Invenomic Capital Management LP Takes $9.91 Million Position in The Mosaic Company $MOS

Key Points

• Invenomic Capital Management LP invested approximately $9.91 million by acquiring 366,738 shares of The Mosaic Company (NYSE:MOS) in the first quarter, representing 0.12% ownership in the firm.
• Various institutional investors increased their stakes in Mosaic, with Boston Partners raising its holding by 42.2%, totaling nearly $215.5 million in shares.
• Mosaic recently announced a quarterly dividend of $0.22 per share, which will be payable on September 18th, resulting in an annualized basis of $0.88 and a yield of 2.7%.

Invenomic Capital Management LP bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 366,738 shares of the basic materials company's stock, valued at approximately $9,906,000. Invenomic Capital Management LP owned approximately 0.12% of Mosaic at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MOS. Boston Partners boosted its stake in shares of Mosaic by 42.2% in the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after buying an additional 2,368,094 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Mosaic in the 1st quarter valued at about $54,953,000. GMT Capital Corp purchased a new position in shares of Mosaic in the 1st quarter valued at about $47,211,000. Nuveen LLC purchased a new position in shares of Mosaic in the 1st quarter valued at about $33,897,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Mosaic by 606.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after buying an additional 1,192,602 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Finally, Scotiabank cut 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 given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.42.

Mosaic Stock Up 2.2%

Shares of NYSE MOS traded up $0.70 during midday trading on Wednesday, hitting $32.86. 873,541 shares of the company's stock were exchanged, compared to its average volume of 5,426,992. The company has a market cap of $10.43 billion, a PE ratio of 11.14, a P/E/G ratio of 1.51 and a beta of 0.99. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The firm's fifty day simple moving average is $34.49 and its 200-day simple moving average is $31.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly 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 firm had revenue of $3.01 billion for 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 company's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. 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.