Gotham Asset Management LLC Reduces Position in The Mosaic Company (NYSE:MOS)

Gotham Asset Management LLC lessened its stake in The Mosaic Company (NYSE:MOS - Free Report) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 533,483 shares of the basic materials company's stock after selling 258,985 shares during the period. Gotham Asset Management LLC owned 0.17% of Mosaic worth $13,113,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price for the company in a report on Thursday, March 20th. Royal Bank of Canada raised shares of Mosaic from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $30.00 to $40.00 in a report on Thursday. Scotiabank raised their target price on shares of Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 19th. Morgan Stanley cut their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, Mizuho decreased their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.17.

Mosaic Trading Up 1.3 %

Shares of MOS stock opened at $32.67 on Friday. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $32.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock's fifty day moving average is $27.13 and its two-hundred day moving average is $26.54. The firm has a market capitalization of $10.35 billion, a P/E ratio of 28.91, a PEG ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The company 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%. Mosaic's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. Research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is presently 160.00%.

Mosaic 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.