Signaturefd LLC Boosts Holdings in The Mosaic Company (NYSE:MOS)

Signaturefd LLC raised its holdings in The Mosaic Company (NYSE:MOS) by 136.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,652 shares of the basic materials company’s stock after purchasing an additional 2,685 shares during the quarter. Signaturefd LLC’s holdings in Mosaic were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MOS. Miracle Mile Advisors LLC raised its position in shares of Mosaic by 9.7% in the first quarter. Miracle Mile Advisors LLC now owns 15,965 shares of the basic materials company’s stock worth $518,000 after acquiring an additional 1,415 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Mosaic by 4.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 33,193 shares of the basic materials company’s stock worth $1,077,000 after acquiring an additional 1,457 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Mosaic by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 973,694 shares of the basic materials company’s stock worth $31,606,000 after acquiring an additional 6,744 shares during the period. United Capital Management of KS Inc. raised its position in shares of Mosaic by 119.4% in the first quarter. United Capital Management of KS Inc. now owns 214,445 shares of the basic materials company’s stock worth $6,961,000 after acquiring an additional 116,683 shares during the period. Finally, Abundance Wealth Counselors raised its position in shares of Mosaic by 21.1% during the 1st quarter. Abundance Wealth Counselors now owns 13,736 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 2,391 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Mosaic stock opened at $27.25 on Tuesday. The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $28.25. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $1.04 EPS. The business’s quarterly revenue was down 17.0% on a year-over-year basis. On average, analysts expect that The Mosaic Company will post 2.27 EPS for the current year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.21 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.08%. Mosaic’s dividend payout ratio (DPR) is 35.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MOS shares. Barclays reduced their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Mizuho reduced their price target on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Finally, UBS Group dropped their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.11.

Insider Activity

In other news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.