Edgestream Partners L.P. Invests $6.18 Million in The Mosaic Company $MOS

Edgestream Partners L.P. bought a new stake in The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 169,413 shares of the basic materials company’s stock, valued at approximately $6,180,000. Edgestream Partners L.P. owned about 0.05% of Mosaic at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MOS. Panagora Asset Management Inc. purchased a new stake in Mosaic in the 2nd quarter valued at about $758,000. Everstar Asset Management LLC bought a new position in shares of Mosaic in the second quarter valued at approximately $806,000. De Lisle Partners LLP grew its holdings in shares of Mosaic by 18.0% in the second quarter. De Lisle Partners LLP now owns 130,989 shares of the basic materials company’s stock valued at $4,777,000 after acquiring an additional 20,000 shares in the last quarter. PACK Private Wealth LLC purchased a new stake in shares of Mosaic during the second quarter valued at approximately $259,000. Finally, New York State Common Retirement Fund lifted its holdings in Mosaic by 1.2% during the second quarter. New York State Common Retirement Fund now owns 227,995 shares of the basic materials company’s stock worth $8,317,000 after acquiring an additional 2,724 shares during the period. 77.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent analyst reports. Zacks Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lowered shares of Mosaic from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $26.00 in a research report on Tuesday, November 11th. Royal Bank Of Canada upgraded shares of Mosaic from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group dropped their target price on shares of Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company initiated coverage on shares of Mosaic in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average price target of $32.73.

Mosaic Trading Down 2.3%

Shares of MOS stock opened at $24.39 on Wednesday. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.94 and a beta of 1.00. The company’s fifty day simple moving average is $28.78 and its two-hundred day simple moving average is $32.71. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS) last announced 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 company had revenue of $3.45 billion during 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 firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 annualized dividend and a yield of 3.6%. Mosaic’s payout ratio is currently 22.80%.

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.