Woodline Partners LP Invests $469,000 in The Mosaic Company (NYSE:MOS)

Woodline Partners LP acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,076 shares of the basic materials company's stock, valued at approximately $469,000.

Several other institutional investors and hedge funds have also bought and sold shares of MOS. Vident Advisory LLC boosted its holdings in shares of Mosaic by 16.0% in the 4th quarter. Vident Advisory LLC now owns 28,642 shares of the basic materials company's stock valued at $704,000 after purchasing an additional 3,956 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Mosaic by 21.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock worth $98,086,000 after buying an additional 711,300 shares during the last quarter. Two Sigma Investments LP boosted its stake in Mosaic by 13.1% in the fourth quarter. Two Sigma Investments LP now owns 2,579,846 shares of the basic materials company's stock valued at $63,413,000 after buying an additional 298,657 shares in the last quarter. Tidal Investments LLC boosted its stake in Mosaic by 5.9% in the fourth quarter. Tidal Investments LLC now owns 41,962 shares of the basic materials company's stock valued at $1,031,000 after buying an additional 2,345 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in Mosaic by 7.7% in the fourth quarter. Toronto Dominion Bank now owns 385,400 shares of the basic materials company's stock valued at $9,473,000 after acquiring an additional 27,647 shares during the last quarter. Institutional investors own 77.54% of the company's stock.

Mosaic Trading Up 0.7%

Mosaic stock traded up $0.26 during mid-day trading on Friday, hitting $36.17. 6,943,846 shares of the stock were exchanged, compared to its average volume of 4,711,446. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $36.32. 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 firm's fifty day simple moving average is $29.63 and its two-hundred day simple moving average is $27.28.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share 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 net margin of 3.24% and a return on equity of 6.00%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 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, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is presently 75.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on MOS. JPMorgan Chase & Co. increased their target price on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Piper Sandler reissued a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Mizuho decreased their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada upgraded shares of Mosaic from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Finally, CIBC raised their price objective on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.58.

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.