Quantinno Capital Management LP Buys 2,686 Shares of The Mosaic Company (NYSE:MOS)

Quantinno Capital Management LP grew its position in The Mosaic Company (NYSE:MOS) by 25.3% during the third quarter, HoldingsChannel reports. The firm owned 13,298 shares of the basic materials company’s stock after buying an additional 2,686 shares during the quarter. Quantinno Capital Management LP’s holdings in Mosaic were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MOS. Blue Trust Inc. grew its stake in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Mosaic in the second quarter valued at about $46,000. Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Mosaic during the 2nd quarter worth about $49,000. Finally, CVA Family Office LLC boosted its stake in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 384 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Up 0.5 %

Shares of MOS opened at $26.79 on Monday. The stock has a 50 day simple moving average of $26.45 and a 200-day simple moving average of $27.31. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.51 billion, a PE ratio of 23.71, a PEG ratio of 1.85 and a beta of 1.34. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business’s revenue was down 20.8% compared to the same quarter last year. On average, sell-side analysts predict that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.14%. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company dropped 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. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Oppenheimer began coverage on shares of Mosaic in a report on Thursday. They issued a “market perform” rating for the company. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Barclays reduced their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.40.

Mosaic 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.