QRG Capital Management Inc. Acquires 1,100 Shares of The Mosaic Company $MOS

QRG Capital Management Inc. raised its holdings in The Mosaic Company (NYSE:MOS) by 14.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,573 shares of the basic materials company’s stock after buying an additional 1,100 shares during the period. QRG Capital Management Inc.’s holdings in Mosaic were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ancora Advisors LLC increased its stake in Mosaic by 0.9% in the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock valued at $1,087,000 after buying an additional 350 shares during the last quarter. NewEdge Advisors LLC increased its stake in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the last quarter. Twin Capital Management Inc. increased its stake in Mosaic by 2.7% in the 1st quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company’s stock valued at $394,000 after buying an additional 384 shares during the last quarter. UMB Bank n.a. increased its stake in Mosaic by 25.7% in the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock valued at $69,000 after buying an additional 387 shares during the last quarter. Finally, Abundance Wealth Counselors increased its stake in Mosaic by 1.8% in the 2nd quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock valued at $827,000 after buying an additional 413 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOS has been the topic of several recent analyst reports. UBS Group lowered their price objective on shares of Mosaic from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 7th. Oppenheimer restated an “outperform” rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Finally, Barclays lowered their price objective on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.83.

Mosaic Stock Performance

Shares of MOS stock opened at $30.39 on Friday. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.46 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The company has a 50-day simple moving average of $33.42 and a 200 day simple moving average of $33.07. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. On average, sell-side analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. Mosaic’s payout ratio is presently 29.83%.

About 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.