The Mosaic Company $MOS Shares Purchased by Sciencast Management LP

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 raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 482.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,910 shares of the basic materials company's stock after purchasing an additional 109,247 shares during the quarter. Mosaic comprises 0.8% of Sciencast Management LP's investment portfolio, making the stock its 23rd biggest position. Sciencast Management LP's holdings in Mosaic were worth $3,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC increased its position in shares of Mosaic by 0.9% in the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock valued at $1,087,000 after purchasing an additional 350 shares during the last quarter. NewEdge Advisors LLC increased its position 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 last quarter. Twin Capital Management Inc. increased its position in shares of Mosaic by 2.7% in the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after purchasing an additional 384 shares during the last quarter. Strengthening Families & Communities LLC increased its position in shares of Mosaic by 12.0% in the 1st quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 450 shares during the last quarter. Finally, Probity Advisors Inc. increased its position in shares of Mosaic by 6.2% in the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after purchasing an additional 508 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. UBS Group increased their price objective on shares of Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Oppenheimer reissued an "outperform" rating and issued a $43.00 price objective (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Scotiabank dropped their target price on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Mosaic presently has an average rating of "Moderate Buy" and an average target price of $36.42.

Mosaic Stock Up 0.0%

Shares of NYSE MOS traded up $0.02 during mid-day trading on Friday, reaching $33.70. The company had a trading volume of 3,338,821 shares, compared to its average volume of 3,998,796. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $34.26 and a two-hundred day simple moving average of $31.88. The stock has a market cap of $10.69 billion, a P/E ratio of 11.42, a PEG ratio of 1.57 and a beta of 0.99. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last posted its 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). The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. Sell-side analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

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

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.