Rhumbline Advisers Has $16.39 Million Stake in The Mosaic Company (NYSE:MOS)

Rhumbline Advisers raised its stake in The Mosaic Company (NYSE:MOS - Free Report) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 606,783 shares of the basic materials company's stock after buying an additional 35,115 shares during the quarter. Rhumbline Advisers owned 0.19% of Mosaic worth $16,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tobam acquired a new position in Mosaic in the fourth quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic in the fourth quarter valued at about $41,000. Ethos Financial Group LLC acquired a new position in Mosaic in the fourth quarter valued at about $55,000. ANTIPODES PARTNERS Ltd lifted its stake in Mosaic by 115.1% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after buying an additional 1,694 shares during the period. Finally, Huntington National Bank lifted its stake in Mosaic by 54.1% in the fourth quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock valued at $83,000 after buying an additional 1,185 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm'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 in the company, valued at $4,592,948.58. This trade represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MOS. Wall Street Zen downgraded Mosaic from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group began coverage on Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target for the company. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Royal Bank of Canada upgraded Mosaic from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Finally, Scotiabank restated an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.58.

Mosaic Stock Up 1.6%

Shares of NYSE:MOS traded up $0.56 during mid-day trading on Wednesday, reaching $34.64. 7,543,404 shares of the stock were exchanged, compared to its average volume of 4,789,418. 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 company has a market cap of $10.99 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.42 and a beta of 1.14. The Mosaic Company has a one year low of $22.36 and a one year high of $37.69. The stock's 50 day simple moving average is $31.28 and its 200-day simple moving average is $27.89.

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 (EPS) for the quarter, topping 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%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current 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 $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.54%. Mosaic's dividend payout ratio 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.