OMERS ADMINISTRATION Corp Lowers Position in The Mosaic Company $MOS

Key Points

• OMERS ADMINISTRATION Corp significantly reduced its stake in The Mosaic Company by 74.1%, now holding 13,578 shares valued at approximately $367,000.
• Mosaic's earnings for the latest quarter missed expectations, reporting $0.51 earnings per share against a consensus estimate of $0.71, while revenue increased by 6.7% year-over-year.
• The company announced a quarterly dividend of $0.22 per share, representing an annualized yield of 2.7%, with the payout scheduled for September 18th.

OMERS ADMINISTRATION Corp decreased its stake in The Mosaic Company (NYSE:MOS - Free Report) by 74.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,578 shares of the basic materials company's stock after selling 38,900 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Mosaic were worth $367,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock worth $310,549,000 after buying an additional 456,327 shares during the period. Boston Partners lifted its position in Mosaic by 42.2% during the 1st 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 in the last quarter. Two Sigma Advisers LP grew its position 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 worth $98,086,000 after purchasing an additional 711,300 shares in the last quarter. Deutsche Bank AG increased its position in Mosaic by 33.5% in 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 acquiring an additional 921,924 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 6.7% in the first 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 in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Price Performance

NYSE MOS traded up $0.25 on Monday, hitting $32.48. 2,421,269 shares of the company's stock were exchanged, compared to its average volume of 5,451,114. The stock has a 50-day moving average of $34.66 and a 200-day moving average of $31.66. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.51 and a beta of 0.99.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, September 8th will be issued 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 2.7%. Mosaic's dividend payout ratio is 29.83%.

Analyst Ratings Changes

MOS has been the topic of a number of research analyst reports. UBS Group boosted their price objective 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 reiterated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Barclays upped their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.42.

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.