MYDA Advisors LLC Takes Position in The Mosaic Company $MOS

Key Points

• MYDA Advisors LLC acquired 20,000 shares of The Mosaic Company, valued at approximately $540,000, marking a new investment in the basic materials sector.
• Analyst ratings for Mosaic have improved, with Zacks Research upgrading the stock to a "strong-buy" rating, contributing to a consensus average price target of $36.42.
• Despite missing expected earnings per share estimates, Mosaic reported a 6.7% year-over-year revenue increase for the last quarter, amounting to $3.01 billion.

MYDA Advisors LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,000 shares of the basic materials company's stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Mosaic in the 1st quarter worth approximately $27,000. Allworth Financial LP grew its position in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the 4th quarter worth approximately $41,000. Finally, Summit Securities Group LLC acquired a new position in shares of Mosaic in the 1st quarter worth approximately $64,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE:MOS traded down $0.56 during midday trading on Friday, reaching $33.39. 2,971,198 shares of the company traded hands, compared to its average volume of 5,461,103. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a fifty day moving average price of $34.93 and a 200 day moving average price of $31.41. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly 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). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm posted $0.54 EPS. The company's revenue was up 6.7% compared to the same quarter last year. On average, analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 8th. Mosaic's payout ratio is 29.83%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MOS shares. CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. UBS Group lifted their target price on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Finally, Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.