Invenomic Capital Management LP Buys Shares of 366,738 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 acquired a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock valued at $310,549,000 after acquiring an additional 456,327 shares in the last quarter. Boston Partners grew its position in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Mosaic by 21.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after buying an additional 711,300 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Mosaic by 33.5% during the 4th quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock valued at $90,265,000 after buying an additional 921,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Mosaic by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock valued at $97,113,000 after buying an additional 226,856 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

MOS traded down $0.21 during trading hours on Friday, hitting $32.42. 4,272,470 shares of the stock were exchanged, compared to its average volume of 4,166,655. The stock has a 50-day simple moving average of $34.66 and a 200-day simple moving average of $31.66. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. 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 posted 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). The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, September 8th. Mosaic's dividend payout ratio (DPR) is presently 29.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank reduced their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Monday, August 11th. Oppenheimer reiterated an "outperform" rating and set a $43.00 target price (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company reduced their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Mosaic 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.