MBB Public Markets I LLC Makes New Investment in The Mosaic Company $MOS

Key Points

• MBB Public Markets I LLC has acquired a new stake in The Mosaic Company valued at approximately $304,000, acquiring 11,248 shares during the first quarter.
• The company's recent quarterly earnings report showed an EPS of $0.51, missing estimates by $0.20, and revenue of $3.01 billion, falling short of the forecasted $3.11 billion.
• Mosaic has announced a quarterly dividend of $0.22 per share, with a dividend yield of 2.6%, to be paid on September 18th.

MBB Public Markets I LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,248 shares of the basic materials company's stock, valued at approximately $304,000.

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

Mosaic Price Performance

Shares of NYSE:MOS traded down $0.45 during midday trading on Tuesday, hitting $33.60. The company's stock had a trading volume of 807,022 shares, compared to its average volume of 5,405,614. The business's 50 day simple moving average is $34.19 and its 200 day simple moving average is $32.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The company has a market cap of $10.66 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. Mosaic's payout ratio is 29.83%.

Analyst Ratings Changes

Several analysts recently commented on MOS shares. Wells Fargo & Company dropped their price target on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. UBS Group raised their price target on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Scotiabank dropped their price target on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.