Contravisory Investment Management Inc. Acquires New Shares in The Mosaic Company (NYSE:MOS)


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Contravisory Investment Management Inc. acquired a new stake in shares of The Mosaic Company (NYSE:MOS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,703 shares of the basic materials company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CI Investments Inc. bought a new position in shares of The Mosaic in the third quarter valued at about $25,000. Freestone Capital Holdings LLC acquired a new stake in The Mosaic in the third quarter worth $27,000. Glenmede Trust Co. NA raised its holdings in The Mosaic by 32.9% in the second quarter. Glenmede Trust Co. NA now owns 2,724 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 675 shares during the period. Neo Ivy Capital Management acquired a new stake in The Mosaic in the third quarter worth $39,000. Finally, Federated Hermes Inc. raised its holdings in The Mosaic by 1,989.6% in the second quarter. Federated Hermes Inc. now owns 3,218 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,064 shares during the period. 67.01% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of The Mosaic from $25.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, December 15th. Morgan Stanley raised their target price on shares of The Mosaic from $19.00 to $25.00 and gave the company an “equal weight” rating in a research report on Monday, December 14th. Smith Barney Citigroup downgraded shares of The Mosaic from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. raised shares of The Mosaic from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Thursday, January 7th. Finally, BMO Capital Markets raised their target price on shares of The Mosaic from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The Mosaic presently has a consensus rating of “Hold” and a consensus price target of $20.28.

Shares of The Mosaic stock opened at $28.10 on Thursday. The Mosaic Company has a 1 year low of $6.50 and a 1 year high of $29.32. The firm has a market cap of $10.65 billion, a PE ratio of -9.79, a P/E/G ratio of 7.27 and a beta of 1.83. The stock has a fifty day moving average price of $23.23 and a 200-day moving average price of $18.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 0.72.

The Mosaic (NYSE:MOS) last announced its earnings results on Saturday, November 7th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Mosaic Company will post 0.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 18th. Stockholders of record on Thursday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 3rd. The Mosaic’s dividend payout ratio is presently 105.26%.

About The 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 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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Institutional Ownership by Quarter for The Mosaic (NYSE:MOS)

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