Range Financial Group LLC Acquires 14,424 Shares of The Mosaic Company (NYSE:MOS)

Range Financial Group LLC lifted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,137 shares of the basic materials company's stock after acquiring an additional 14,424 shares during the quarter. Range Financial Group LLC's holdings in Mosaic were worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Mosaic during the 1st quarter worth about $26,000. Tobam acquired a new position in Mosaic during the 4th quarter worth about $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic during the 4th quarter worth about $41,000. Ethos Financial Group LLC acquired a new position in Mosaic during the 4th quarter worth about $55,000. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after buying an additional 1,694 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Royal Bank of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Mizuho lowered their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Finally, BNP Paribas raised Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Stock Down 0.3%

MOS stock traded down $0.09 during mid-day trading on Thursday, reaching $34.56. 5,316,945 shares of the company traded hands, compared to its average volume of 4,791,519. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.42 and a beta of 1.14. 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 fifty-two week low of $22.36 and a fifty-two week high of $37.69. The firm's 50 day moving average price is $31.28 and its 200 day moving average price is $27.89.

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

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.55%. Mosaic's dividend payout ratio (DPR) is currently 75.86%.

Insider Transactions at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president now directly owns 128,546 shares of the company's stock, valued at $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

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.