Vinva Investment Management Ltd Takes Position in The Mosaic Company $MOS

Vinva Investment Management Ltd purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,035 shares of the basic materials company’s stock, valued at approximately $621,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares in the last quarter. Bangor Savings Bank bought a new position in Mosaic during the 2nd quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its holdings in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Mosaic during the second quarter valued at $31,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $24.60 on Friday. The company has a market capitalization of $7.81 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm’s 50 day simple moving average is $29.14 and its two-hundred day simple moving average is $32.86. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Research analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MOS shares. The Goldman Sachs Group cut their target price on Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. CIBC decreased their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. UBS Group cut their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Royal Bank Of Canada upgraded Mosaic from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 4th. Finally, Wells Fargo & Company initiated coverage on Mosaic in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $32.73.

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.