Neo Ivy Capital Management Takes $232,000 Position in The Mosaic Company (NYSE:MOS)

Neo Ivy Capital Management bought a new position in shares of The Mosaic Company (NYSE:MOS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,700 shares of the basic materials company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also bought and sold shares of MOS. Dimensional Fund Advisors LP increased its holdings in shares of Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Mosaic by 84.7% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock valued at $60,205,000 after acquiring an additional 955,199 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Mosaic by 15.1% in the second quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after purchasing an additional 435,598 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research reports. CIBC began coverage on shares of Mosaic in a research note on Tuesday. They issued a “neutral” rating and a $55.00 price target for the company. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Oppenheimer initiated coverage on Mosaic in a report on Thursday. They set a “market perform” rating on the stock. Finally, Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.40.

Mosaic Stock Performance

Shares of MOS stock opened at $26.66 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The company has a market capitalization of $8.47 billion, a P/E ratio of 23.59, a PEG ratio of 1.85 and a beta of 1.34. The stock has a 50 day moving average price of $26.46 and a two-hundred day moving average price of $27.39.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. Analysts expect that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.15%. Mosaic’s payout ratio is presently 74.34%.

Mosaic Company 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.