Point72 Hong Kong Ltd Grows Stock Position in The Mosaic Company (NYSE:MOS)

Point72 Hong Kong Ltd increased its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 1,043.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,699 shares of the basic materials company's stock after buying an additional 100,105 shares during the quarter. Point72 Hong Kong Ltd's holdings in Mosaic were worth $2,696,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 587 shares during the period. R Squared Ltd purchased a new position in Mosaic during the fourth quarter valued at approximately $33,000. Tobam bought a new position in shares of Mosaic in the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter worth approximately $41,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Mosaic during the 4th quarter valued at $55,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Price Performance

Shares of NYSE MOS traded up $0.13 during midday trading on Monday, reaching $35.34. 3,950,637 shares of the stock traded hands, compared to its average volume of 4,701,377. The company's 50 day moving average is $28.27 and its 200 day moving average is $26.85. The Mosaic Company has a one year low of $22.36 and a one year high of $35.68. The stock has a market capitalization of $11.21 billion, a PE ratio of 31.27, a P/E/G ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS - Get Free Report) last released 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. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $0.65 earnings per share. Mosaic's quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 5th. Mosaic's payout ratio is 75.86%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Barclays reiterated an "overweight" rating and set a $40.00 target price (up previously from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Scotiabank reissued an "outperform" rating on shares of Mosaic in a report on Wednesday, May 14th. CIBC upped their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Finally, StockNews.com upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of "Moderate Buy" and a consensus price target 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.