25,331 Shares in The Mosaic Company (NYSE:MOS) Bought by Joule Financial LLC

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. NBC Securities Inc. purchased a new position in shares of Mosaic in the 1st quarter worth $26,000. Tobam bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic during the fourth quarter worth approximately $41,000. Ethos Financial Group LLC bought a new position in shares of Mosaic in the fourth quarter valued at $55,000. Finally, ANTIPODES PARTNERS Ltd grew its position in Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after purchasing an additional 1,694 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MOS shares. The Goldman Sachs Group assumed coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective for the company. Royal Bank of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. CIBC raised their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Mizuho dropped their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Insiders Place Their Bets

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

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.52 during trading on Tuesday, hitting $34.08. 8,515,454 shares of the company's stock were exchanged, compared to its average volume of 4,777,035. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 30.16, a PEG 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 business has a 50-day simple moving average of $31.06 and a 200-day simple moving average of $27.84. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $0.65 EPS. Mosaic's revenue was down 2.2% on a year-over-year basis. On average, research analysts forecast 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. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is 75.86%.

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.