The Mosaic Company $MOS Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in The Mosaic Company (NYSE:MOS) in the third quarter, Holdings Channel reports. The institutional investor bought 82,522 shares of the basic materials company’s stock, valued at approximately $1,787,000.

A number of other hedge funds also recently bought and sold shares of MOS. Fortress Financial Group LLC bought a new position in Mosaic during the second quarter valued at approximately $269,000. Ameritas Advisory Services LLC purchased a new position in shares of Mosaic during the second quarter worth approximately $32,000. Global Retirement Partners LLC purchased a new position in shares of Mosaic during the second quarter worth approximately $46,000. Essential Partners LLC lifted its holdings in shares of Mosaic by 81.0% in the 1st quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock worth $91,000 after acquiring an additional 1,597 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in shares of Mosaic by 1,575.9% in the 3rd quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 3,404 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $27.00 to $25.00 in a research note on Monday, October 5th. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. KeyCorp assumed coverage on shares of Mosaic in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Mosaic from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $25.68.

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Mosaic Stock Down 0.1%

Shares of Mosaic stock opened at $22.32 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 1.50. The Mosaic Company has a 52-week low of $16.99 and a 52-week high of $32.25. The company’s 50 day moving average price is $21.72 and its 200-day moving average price is $23.77. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of -6.30, a P/E/G ratio of 7.06 and a beta of 0.88.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). Mosaic had a negative net margin of 9.43% and a positive return on equity of 0.58%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast that The Mosaic Company will post 0.11 EPS for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 4th. Mosaic’s dividend payout ratio (DPR) is -24.86%.

Mosaic Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.