The Mosaic Company $MOS Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its position in The Mosaic Company by 69.2%, now holding approximately $15.19 million worth of shares.
• Company insiders, including SVP Walter F. Precourt III, sold shares in May, with Precourt reducing his holdings by 12.28% after selling 18,000 shares.
• Mosaic's latest quarterly earnings reported a miss against analysts' expectations, posting earnings of $0.51 per share versus the anticipated $0.71.

Wellington Management Group LLP grew its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 69.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 562,267 shares of the basic materials company's stock after buying an additional 230,035 shares during the quarter. Wellington Management Group LLP owned 0.18% of Mosaic worth $15,187,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Mosaic during the 1st quarter worth $26,000. Compagnie Lombard Odier SCmA purchased a new position in Mosaic during the 1st quarter worth $27,000. Allworth Financial LP raised its position in Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after buying an additional 537 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the 4th quarter valued at about $41,000. Finally, Summit Securities Group LLC purchased a new position in shares of Mosaic in the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOS. Scotiabank cut their price target on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a report on Monday, August 11th. CIBC increased their price target on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Barclays increased their price target on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Oppenheimer reiterated an "outperform" rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Two investment 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Price Performance

NYSE MOS traded down $0.56 during trading hours on Friday, reaching $33.39. The company's stock had a trading volume of 2,971,198 shares, compared to its average volume of 5,461,103. The stock has a market cap of $10.60 billion, a PE ratio of 11.32, a PEG ratio of 1.58 and a beta of 1.12. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company's 50-day moving average is $34.93 and its two-hundred day moving average is $31.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

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

Mosaic Announces Dividend

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

Mosaic Company 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.