Scopus Asset Management L.P. increased its holdings in The Mosaic Company (NYSE:MOS) by 90.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805,046 shares of the basic materials company’s stock after buying an additional 855,046 shares during the quarter. Scopus Asset Management L.P. owned about 0.48% of The Mosaic worth $57,058,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in The Mosaic by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,231 shares of the basic materials company’s stock worth $640,000 after buying an additional 351 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in The Mosaic by 1.5% in the first quarter. Elo Mutual Pension Insurance Co now owns 25,982 shares of the basic materials company’s stock worth $821,000 after purchasing an additional 377 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in The Mosaic by 1.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,006 shares of the basic materials company’s stock worth $1,177,000 after purchasing an additional 453 shares during the period. Norinchukin Bank The lifted its position in The Mosaic by 1.7% in the first quarter. Norinchukin Bank The now owns 28,707 shares of the basic materials company’s stock worth $907,000 after purchasing an additional 475 shares during the period. Finally, CWM LLC lifted its position in The Mosaic by 133.9% in the first quarter. CWM LLC now owns 889 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 509 shares during the period. 72.28% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on MOS shares. VTB Capital downgraded The Mosaic to a “sell” rating and set a $32.00 price objective for the company. in a research report on Friday, April 30th. HSBC downgraded The Mosaic from a “buy” rating to a “hold” rating and increased their price objective for the company from $32.00 to $37.00 in a research report on Monday, May 24th. Berenberg Bank upgraded The Mosaic from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, April 13th. BMO Capital Markets increased their target price on The Mosaic from $30.00 to $35.00 in a report on Wednesday, May 5th. Finally, Zacks Investment Research lowered The Mosaic from a “strong-buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The Mosaic presently has a consensus rating of “Hold” and a consensus target price of $33.09.
The Mosaic (NYSE:MOS) last announced its quarterly earnings results on Sunday, May 2nd. The basic materials company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. The Mosaic had a net margin of 11.17% and a return on equity of 6.14%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. Analysts predict that The Mosaic Company will post 3.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 17th. Stockholders of record on Thursday, June 3rd were issued a dividend of $0.075 per share. This is a positive change from The Mosaic’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.99%. The Mosaic’s dividend payout ratio (DPR) is presently 35.29%.
The 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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