Moore Capital Management LP Invests $637,000 in The Mosaic Company (NYSE:MOS)

Moore Capital Management LP purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,933 shares of the basic materials company's stock, valued at approximately $637,000.

Several other large investors have also modified their holdings of the stock. Lighthouse Investment Partners LLC acquired a new stake in Mosaic during the fourth quarter worth about $3,506,000. Janus Henderson Group PLC raised its stake in Mosaic by 64.0% during the fourth quarter. Janus Henderson Group PLC now owns 447,748 shares of the basic materials company's stock worth $11,004,000 after acquiring an additional 174,748 shares during the period. Humankind Investments LLC raised its stake in Mosaic by 9.4% during the fourth quarter. Humankind Investments LLC now owns 103,532 shares of the basic materials company's stock worth $2,545,000 after acquiring an additional 8,889 shares during the period. Focus Partners Wealth acquired a new stake in Mosaic during the fourth quarter worth about $1,379,000. Finally, Gate City Capital Management LLC raised its stake in Mosaic by 38.4% during the fourth quarter. Gate City Capital Management LLC now owns 692,141 shares of the basic materials company's stock worth $17,013,000 after acquiring an additional 192,141 shares during the period. Institutional investors own 77.54% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MOS. Barclays reiterated an "overweight" rating and set a $40.00 price objective (up previously from $33.00) on shares of Mosaic in a research note on Wednesday. The Goldman Sachs Group began coverage on shares of Mosaic in a research note on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective on the stock. Scotiabank increased their price objective on shares of Mosaic from $34.00 to $42.00 and gave the stock a "sector outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. increased 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, May 9th. Finally, UBS Group lifted their price target on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.58.

Mosaic Price Performance

NYSE:MOS traded up $0.54 during midday trading on Friday, hitting $35.21. 5,302,590 shares of the stock were exchanged, compared to its average volume of 4,695,074. The Mosaic Company has a one year low of $22.36 and a one year high of $35.32. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 1.42 and a beta of 1.09. The business has a 50-day moving average price of $28.06 and a two-hundred day moving average price of $26.79. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

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

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.50%. Mosaic's payout ratio is 75.86%.

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.