Joule Financial LLC Invests $684,000 in The Mosaic Company (NYSE:MOS)

Joule Financial LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,331 shares of the basic materials company's stock, valued at approximately $684,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mosaic during the fourth quarter worth $97,363,000. Invesco Ltd. grew its position in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after buying an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after buying an additional 2,151,426 shares during the last quarter. Criteria Caixa S.A.U. acquired a new stake in Mosaic during the fourth quarter worth about $36,231,000. Finally, Covalis Capital LLP bought a new position in Mosaic in the fourth quarter worth about $27,031,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS opened at $34.80 on Friday. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a one year low of $22.36 and a one year high of $37.69. The stock's fifty day moving average is $30.73 and its 200-day moving average is $27.71.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is presently 75.86%.

Insider Activity at Mosaic

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MOS shares. Wells Fargo & Company upped their target price on Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $30.00 to $40.00 in a research note on Thursday, May 8th. Piper Sandler reiterated a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. The Goldman Sachs Group assumed coverage on shares of Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target for the company. Finally, Wall Street Zen lowered shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic 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.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.