PKO Investment Management Joint Stock Co Acquires New Shares in The Mosaic Company (NYSE:MOS)

PKO Investment Management Joint Stock Co bought a new position in The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,000 shares of the basic materials company's stock, valued at approximately $270,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after purchasing an additional 2,151,426 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after purchasing an additional 269,650 shares in the last quarter. Northern Trust Corp increased its holdings in Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after purchasing an additional 287,493 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Mosaic by 21.7% in the fourth 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. 77.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MOS. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group raised their price objective on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group started coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price objective for the company. Scotiabank reissued an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price objective on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic Stock Performance

MOS stock traded up $0.26 during midday trading on Friday, hitting $36.17. The company's stock had a trading volume of 6,943,846 shares, compared to its average volume of 4,707,900. The stock's 50-day moving average price is $29.81 and its 200 day moving average price is $27.35. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $36.34. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.42 and a beta of 1.09.

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

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.43%. Mosaic's payout ratio is presently 75.86%.

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.