Mosaic Co. (MOS) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in shares of Mosaic Co. (NYSE:MOS) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,698,865 shares of the company’s stock after buying an additional 176,754 shares during the period. Dimensional Fund Advisors LP owned approximately 1.06% of Mosaic worth $96,821,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors L.L.C. increased its stake in Mosaic by 287.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 137,650 shares of the company’s stock valued at $3,717,000 after buying an additional 102,100 shares during the period. Aperio Group LLC increased its stake in Mosaic by 74.2% in the first quarter. Aperio Group LLC now owns 141,035 shares of the company’s stock valued at $3,808,000 after buying an additional 60,090 shares during the period. Sarasin & Partners LLP increased its stake in Mosaic by 51.9% in the first quarter. Sarasin & Partners LLP now owns 164,000 shares of the company’s stock valued at $4,428,000 after buying an additional 56,000 shares during the period. Commonwealth Equity Services Inc increased its stake in Mosaic by 20.7% in the first quarter. Commonwealth Equity Services Inc now owns 25,014 shares of the company’s stock valued at $675,000 after buying an additional 4,298 shares during the period. Finally, John G Ullman & Associates Inc. increased its stake in Mosaic by 13.1% in the first quarter. John G Ullman & Associates Inc. now owns 57,525 shares of the company’s stock valued at $1,553,000 after buying an additional 6,650 shares during the period. Institutional investors and hedge funds own 88.91% of the company’s stock.
Mosaic Co. (NYSE:MOS) traded up 0.76% during midday trading on Wednesday, hitting $25.28. 2,107,405 shares of the company traded hands. The stock has a 50 day moving average price of $27.76 and a 200-day moving average price of $27.29. The company has a market cap of $8.85 billion, a PE ratio of 15.93 and a beta of 1.59. Mosaic Co. has a 12-month low of $22.02 and a 12-month high of $36.95.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Mosaic’s revenue for the quarter was down 32.7% compared to the same quarter last year. Analysts expect that Mosaic Co. will post $0.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Tuesday, September 6th. Mosaic’s dividend payout ratio is currently 69.18%.
MOS has been the subject of several research reports. BMO Capital Markets reiterated a “hold” rating and issued a $23.00 price target on shares of Mosaic in a research report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating on shares of Mosaic in a research report on Wednesday, July 13th. Vertical Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Citigroup Inc. upped their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada downgraded shares of Mosaic from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $28.00 to $27.00 in a research report on Wednesday, July 13th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €29.08 ($32.31).
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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