Quantinno Capital Management LP Buys 51,435 Shares of The Mosaic Company (NYSE:MOS)

Quantinno Capital Management LP lifted its stake in The Mosaic Company (NYSE:MOS - Free Report) by 386.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,733 shares of the basic materials company's stock after buying an additional 51,435 shares during the period. Quantinno Capital Management LP's holdings in Mosaic were worth $1,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Mosaic during the fourth quarter worth $97,363,000. Invesco Ltd. increased its position in shares of Mosaic by 29.3% during the 4th 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 position in shares of Mosaic by 24.2% during the 4th 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. Criteria Caixa S.A.U. bought a new position in Mosaic during the 4th quarter valued at about $36,231,000. Finally, Covalis Capital LLP acquired a new position in Mosaic in the fourth quarter valued at about $27,031,000. Institutional investors own 77.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays reiterated an "overweight" rating and issued a $40.00 target price (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $30.00 to $40.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. UBS Group lifted their price target on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price target on shares of Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.58.

Mosaic Trading Up 0.1%

Shares of NYSE MOS opened at $35.58 on Thursday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $35.96. The firm has a market capitalization of $11.29 billion, a P/E ratio of 31.48, a P/E/G ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company's 50 day simple moving average is $28.68 and its 200 day simple moving average is $26.97.

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

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.