Sciencast Management LP Boosts Position in The Mosaic Company $MOS

Key Points

• Sciencast Management LP increased its stake in The Mosaic Company by 482.1% in Q1, acquiring an additional 109,247 shares, bringing its total holdings to 131,910 shares, valued at approximately $3.56 million.
• Mosaic recently reported $0.51 EPS for the quarter, missing analyst estimates, with total revenue of $3.01 billion, below expectations of $3.11 billion.
• The company announced a quarterly dividend of $0.22 per share that will be paid to shareholders on September 18th, representing a 2.7% yield.

Sciencast Management LP boosted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 482.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 131,910 shares of the basic materials company's stock after acquiring an additional 109,247 shares during the period. Mosaic accounts for 0.8% of Sciencast Management LP's portfolio, making the stock its 23rd largest position. Sciencast Management LP's holdings in Mosaic were worth $3,563,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Mosaic in the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new stake in Mosaic during the 1st quarter worth about $27,000. Allworth Financial LP raised its holdings in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 537 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Mosaic in the 4th quarter valued at about $41,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

Mosaic stock traded up $0.02 during midday trading on Friday, reaching $33.70. 3,334,983 shares of the stock were exchanged, compared to its average volume of 5,431,310. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The firm has a market cap of $10.69 billion, a PE ratio of 11.42, a PEG ratio of 1.55 and a beta of 0.99. The company's fifty day moving average is $34.33 and its 200-day moving average is $31.78.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the prior year, the firm earned $0.54 EPS. Mosaic's quarterly revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. Mosaic's payout ratio is 29.83%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MOS shares. Barclays raised their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Wells Fargo & Company dropped their price target on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. UBS Group raised their price target on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Scotiabank lowered their target price on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Monday, August 11th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.42.

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.