Cerebellum GP LLC purchased a new position in Mosaic Co (NYSE:MOS) in the 1st quarter, HoldingsChannel reports. The firm purchased 12,473 shares of the basic materials company’s stock, valued at approximately $341,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of Mosaic by 1.5% in the third quarter. Vanguard Group Inc now owns 37,330,375 shares of the basic materials company’s stock worth $1,212,490,000 after purchasing an additional 541,783 shares in the last quarter. BlackRock Inc. grew its stake in shares of Mosaic by 3.2% in the fourth quarter. BlackRock Inc. now owns 25,829,156 shares of the basic materials company’s stock worth $754,470,000 after purchasing an additional 804,263 shares in the last quarter. FMR LLC grew its stake in shares of Mosaic by 23.0% in the fourth quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock worth $525,270,000 after purchasing an additional 3,363,282 shares in the last quarter. Boston Partners grew its stake in shares of Mosaic by 21.1% in the first quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock worth $471,118,000 after purchasing an additional 3,007,121 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Mosaic by 6.4% in the first quarter. Northern Trust Corp now owns 7,082,416 shares of the basic materials company’s stock worth $193,421,000 after purchasing an additional 425,882 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

In related news, CEO James Calvin O’rourke bought 10,000 shares of Mosaic stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $24.03 per share, with a total value of $240,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,345 shares in the company, valued at approximately $4,045,330.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Clint Freeland bought 4,250 shares of Mosaic stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $23.60 per share, with a total value of $100,300.00. Following the completion of the acquisition, the chief financial officer now owns 4,250 shares of the company’s stock, valued at $100,300. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 17,339 shares of company stock valued at $414,182. 0.51% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on MOS. Cleveland Research cut Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Barclays increased their price target on Mosaic from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 27th. Citigroup decreased their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 27th. UBS Group set a $40.00 target price on Mosaic and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, Royal Bank of Canada decreased their target price on Mosaic from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.13.

Shares of MOS stock opened at $22.36 on Monday. Mosaic Co has a fifty-two week low of $20.81 and a fifty-two week high of $37.37. The stock has a market cap of $8.63 billion, a P/E ratio of 10.55, a PEG ratio of 1.86 and a beta of 1.50. The company has a quick ratio of 0.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.42.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $0.20 earnings per share. Mosaic’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Mosaic Co will post 1.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. This is an increase from Mosaic’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 5th. Mosaic’s dividend payout ratio is currently 9.43%.

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About Mosaic

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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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