SG Americas Securities LLC Grows Position in The Mosaic Company (NYSE:MOS)

SG Americas Securities LLC grew its position in The Mosaic Company (NYSE:MOS - Free Report) by 1,231.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,478 shares of the basic materials company's stock after purchasing an additional 66,111 shares during the period. SG Americas Securities LLC's holdings in Mosaic were worth $1,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in shares of Mosaic in the 1st quarter valued at about $26,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic during the 4th quarter worth approximately $41,000. Ethos Financial Group LLC acquired a new position in shares of Mosaic during the 4th quarter worth approximately $55,000. ANTIPODES PARTNERS Ltd lifted its holdings in Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Mosaic by 54.1% during the 4th quarter. Huntington National Bank now owns 3,374 shares of the basic materials company's stock worth $83,000 after buying an additional 1,185 shares during the period. 77.54% of the stock is owned by institutional investors.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the business's 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 completion of the sale, the senior vice president now directly owns 128,546 shares of the company's stock, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Mosaic Price Performance

NYSE:MOS traded up $0.21 during trading hours on Thursday, hitting $36.37. The stock had a trading volume of 5,796,003 shares, compared to its average volume of 4,837,081. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The Mosaic Company has a one year low of $22.36 and a one year high of $37.69. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a 50 day simple moving average of $32.49 and a two-hundred day simple moving average of $28.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company posted $0.65 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is currently 75.86%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. CIBC increased their price objective on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. The Goldman Sachs Group began coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target for the company. Barclays reiterated an "overweight" rating and set a $40.00 price target (up previously from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price objective on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Seven 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.58.

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.