Rhumbline Advisers Grows Stock Holdings in The Mosaic Company (NYSE:MOS)

Rhumbline Advisers lifted its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 606,783 shares of the basic materials company's stock after purchasing an additional 35,115 shares during the period. Rhumbline Advisers owned about 0.19% of Mosaic worth $16,389,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in Mosaic by 23.7% during the first quarter. Parallel Advisors LLC now owns 6,183 shares of the basic materials company's stock worth $167,000 after purchasing an additional 1,183 shares in the last quarter. GAMMA Investing LLC raised its holdings in Mosaic by 3,838.0% during the first quarter. GAMMA Investing LLC now owns 450,662 shares of the basic materials company's stock worth $12,172,000 after purchasing an additional 439,218 shares in the last quarter. 111 Capital acquired a new stake in Mosaic during the fourth quarter worth approximately $740,000. PKO Investment Management Joint Stock Co acquired a new stake in Mosaic during the fourth quarter worth approximately $270,000. Finally, Probity Advisors Inc. raised its holdings in Mosaic by 6.2% during the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock worth $214,000 after purchasing an additional 508 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of research analyst reports. Piper Sandler reissued a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. UBS Group raised their price objective on shares of Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. CIBC raised their price objective on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Wells Fargo & Company raised their price objective on shares of Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Barclays reissued an "overweight" rating and set a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.58.

Insider Activity at Mosaic

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

Mosaic Stock Performance

Shares of MOS opened at $34.80 on Friday. The company's 50 day simple moving average is $30.73 and its 200-day simple moving average is $27.73. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $37.69. 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 firm has a market cap of $11.04 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last posted 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. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $0.65 EPS. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. Mosaic's dividend payout ratio (DPR) is 75.86%.

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.

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