Acadian Asset Management LLC Acquires 116,323 Shares of The Mosaic Company $MOS

Acadian Asset Management LLC grew its position in shares of The Mosaic Company (NYSE:MOS) by 419.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,081 shares of the basic materials company’s stock after purchasing an additional 116,323 shares during the quarter. Acadian Asset Management LLC’s holdings in Mosaic were worth $5,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOS. Dimensional Fund Advisors LP boosted its position in shares of Mosaic by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company’s stock valued at $310,549,000 after purchasing an additional 456,327 shares in the last quarter. Boston Partners grew its position in shares of Mosaic by 42.2% during the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after buying an additional 2,368,094 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Mosaic by 100.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock valued at $138,867,000 after acquiring an additional 1,912,064 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company’s stock worth $97,113,000 after acquiring an additional 226,856 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Mosaic during the first quarter worth $54,953,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 0.4%

Shares of NYSE MOS opened at $25.55 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.11 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.94 and a beta of 1.00. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The business has a 50-day simple moving average of $31.13 and a two-hundred day simple moving average of $33.38.

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

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 3.4%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MOS. Scotiabank upped their price target on Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Monday. Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Bank of America cut their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Mizuho set a $34.00 price target on shares of Mosaic in a research note on Monday, October 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.46.

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.