Glenorchy Capital Ltd Decreases Stake in The Mosaic Company (NYSE:MOS)

Glenorchy Capital Ltd decreased its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,315 shares of the basic materials company's stock after selling 37,064 shares during the period. Glenorchy Capital Ltd's holdings in Mosaic were worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd bought a new stake in Mosaic in the fourth quarter worth $33,000. Tobam purchased a new position in Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC bought a new position in Mosaic during the fourth quarter valued at $41,000. Finally, Ethos Financial Group LLC bought a new position in Mosaic during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of NYSE:MOS traded up $0.74 on Tuesday, hitting $33.69. 964,464 shares of the company were exchanged, compared to its average volume of 4,646,835. The firm has a market capitalization of $10.68 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $27.30 and its 200 day moving average price is $26.58. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $33.86.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Sell-side analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is 75.86%.

Analyst Ratings Changes

A number of equities analysts recently commented on MOS shares. Scotiabank lifted their price target on shares of Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of Mosaic from $29.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday. Royal Bank of Canada raised Mosaic from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $30.00 to $40.00 in a research note on Thursday, May 8th. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company upped their price objective on Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.75.

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.