Stephens Inc. AR invests $204,000 in The Mosaic Company (NYSE: MOS)


Stephens Inc. AR bought a new position in The Mosaic Company (NYSE:MOS – Get Rating) in Q1, according to the company in its most recent communication with the Securities & Exchange Commission. The company bought 3,067 shares of the basic materials company, valued at around $204,000.

Other hedge funds and other institutional investors also changed their stakes in the company. FourThought Financial LLC increased its position in Mosaic shares by 5,000.0% in the first quarter. FourThought Financial LLC now owns 510 shares of the basic materials company worth $34,000 after purchasing an additional 500 shares during the period. JFS Wealth Advisors LLC acquired a new stake in Mosaic during the first quarter at a value of $35,000. First Command Bank acquired a new stake in Mosaic during the first quarter at a value of $36,000. Private Capital Group LLC increased its position in Mosaic by 44.8% during the first quarter. Private Capital Group LLC now owns 608 shares of the basic materials company valued at $40,000 after buying 188 additional shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Mosaic by 910.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 677 shares of the basic materials company valued at $27,000 after buying an additional 610 shares in the last quarter. Institutional investors and hedge funds hold 82.54% of the company’s shares.

Insider Activity at Mosaic

Separately, director Denise C. Johnson sold 24,427 shares of the company in a transaction dated Monday, May 16. The stock was sold at an average price of $65.00, for a total transaction of $1,587,755.00. The sale was disclosed in a document filed with the SEC, which is available via this link. Company insiders own 0.57% of the company’s shares.

Wall Street analysts predict growth

MOS has been the subject of several research reports. Barclays launched coverage on Mosaic in a research report on Wednesday June 1. They set an “underweight” rating and a price target of $59.00 for the company. Exane BNP Paribas has downgraded Mosaic from an “outperforming” rating to a “neutral” rating and has set a price target of $82.00 for the company. in a Wednesday, April 20 research report. Credit Suisse Group launched coverage on Mosaic in a research report on Thursday, July 14. They set an “outperform” rating and a price target of $60.00 for the company. Royal Bank of Canada raised its target price on Mosaic from $80.00 to $85.00 and gave the company an “outperform” rating in a Thursday, April 21 report. Finally, BNP Paribas downgraded Mosaic from an “outperforming” rating to a “neutral” rating and set a target price of $82.00 for the stock. in a report from Wednesday, April 20. One equity research analyst gave the stock a sell rating, six gave the company a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.29.

Mosaic trading up 1.0%

Mosaic stock opened at $52.22 on Friday. The company has a debt ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.30. The company’s 50-day simple moving average is $50.58 and its 200-day simple moving average is $55.60. The company has a market capitalization of $18.90 billion, a PE ratio of 5.95, a PEG ratio of 0.54 and a beta of 1.62. The Mosaic Company has a 52-week low of $29.14 and a 52-week high of $79.28.

Mosaic (NYSE:MOS – Get Rating) last released quarterly earnings data on Monday, August 1. The basic materials company reported EPS of $3.64 for the quarter, missing analyst consensus estimates of $3.94 per ($0.30). Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The company posted revenue of $5.37 billion in the quarter, versus a consensus estimate of $5.62 billion. In the same quarter a year earlier, the company posted earnings per share of $1.17. The company’s revenue for the quarter increased 91.8% year over year. Equity research analysts expect The Mosaic Company to post earnings per share of 13.78 for the current year.

Mosaic announced that its board of directors authorized a stock repurchase plan on Monday, August 1 that allows the company to repurchase $2.00 billion of outstanding stock. This repurchase authorization authorizes the commodity company to repurchase up to 10.8% of its shares through open market purchases. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Mosaic increases the dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Investors of record on Thursday, June 2 received a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a yield of 1.15%. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 1. Mosaic’s payout ratio is currently 6.84%.

About Mosaic

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The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash 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 nutrients, such as diammonium phosphate, monoammonium phosphate and ammonium phosphate products; and phosphate-based feed ingredients primarily under the Biofos and Nexfos brands, as well as a dual sulfate of potash and magnesia product under the K-Mag brand.

See also

Institutional ownership by quarter for Mosaic (NYSE:MOS)



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