Range Financial Group LLC Boosts Holdings in The Mosaic Company (NYSE:MOS)

Range Financial Group LLC raised its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 30.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,137 shares of the basic materials company's stock after purchasing an additional 14,424 shares during the quarter. Range Financial Group LLC's holdings in Mosaic were worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. NBC Securities Inc. bought a new position in shares of Mosaic in the first quarter worth approximately $26,000. Tobam bought a new position in shares of Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic during the fourth quarter worth $41,000. Ethos Financial Group LLC bought a new position in shares of Mosaic during the fourth quarter worth $55,000. Finally, ANTIPODES PARTNERS Ltd boosted its position in shares of Mosaic by 115.1% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock worth $78,000 after acquiring an additional 1,694 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. CIBC upped their price target on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. UBS Group upped their price target on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Mizuho decreased their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.58.

Insider Transactions at Mosaic

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

Mosaic Trading Down 4.4%

Shares of MOS opened at $34.80 on Monday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $37.69. The company has a market cap of $11.04 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company's fifty day simple moving average is $30.73 and its 200-day simple moving average is $27.74.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. As a group, analysts expect 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. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) 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.

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.