CoreCommodity Management LLC Raises Position in The Mosaic Company (NYSE:MOS)

CoreCommodity Management LLC increased its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 237.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,234 shares of the basic materials company's stock after buying an additional 45,206 shares during the period. CoreCommodity Management LLC's holdings in Mosaic were worth $2,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of Mosaic by 3.2% in the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company's stock worth $313,020,000 after buying an additional 268,966 shares in the last quarter. Northern Trust Corp increased its stake in Mosaic by 7.5% in the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company's stock valued at $217,429,000 after acquiring an additional 424,063 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company's stock valued at $141,829,000 after acquiring an additional 189,706 shares during the last quarter. Pacer Advisors Inc. increased its stake in Mosaic by 5.1% in the fourth quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company's stock valued at $136,641,000 after acquiring an additional 186,337 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Mosaic by 3.6% in the third quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company's stock valued at $109,042,000 after acquiring an additional 107,011 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Trading Up 0.5 %

Shares of NYSE MOS traded up $0.16 during trading hours on Monday, hitting $30.78. The company's stock had a trading volume of 4,018,268 shares, compared to its average volume of 4,854,756. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.64 and a beta of 1.51. The Mosaic Company has a 12 month low of $27.83 and a 12 month high of $42.81. The business has a 50-day simple moving average of $31.09 and a 200-day simple moving average of $32.73.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business's quarterly revenue was down 25.7% on a year-over-year basis. On average, analysts anticipate that The Mosaic Company will post 2.67 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.73%. Mosaic's dividend payout ratio (DPR) is presently 35.74%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Scotiabank reduced their target price on Mosaic from $40.00 to $38.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 6th. Barclays reduced their target price on Mosaic from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, May 13th. Wolfe Research initiated coverage on Mosaic in a research note on Friday, March 1st. They set an "outperform" rating and a $39.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on Mosaic from $54.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. Finally, TheStreet cut Mosaic from a "b-" rating to a "c+" rating in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.36.

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.

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