Arrowstreet Capital Limited Partnership Acquires 380,566 Shares of The Mosaic Company $MOS

Arrowstreet Capital Limited Partnership raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 247.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 534,444 shares of the basic materials company’s stock after purchasing an additional 380,566 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.17% of Mosaic worth $19,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. boosted its position in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares during the last quarter. Bangor Savings Bank bought a new position in Mosaic during the 2nd quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its holdings in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Mosaic by 650.0% in the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of Mosaic during the second quarter valued at approximately $31,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 2.0%

Shares of MOS stock opened at $23.62 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company’s fifty day moving average price is $28.10 and its 200-day moving average price is $32.47. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.57 and a beta of 0.94.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Mosaic from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Royal Bank Of Canada upgraded Mosaic from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 4th. Bank of America reduced their price objective on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Scotiabank raised their target price on Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, HSBC reduced their price target on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.60.

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.