The Mosaic Company $MOS Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 18.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,746 shares of the basic materials company’s stock after buying an additional 3,061 shares during the period. GAMMA Investing LLC’s holdings in Mosaic were worth $720,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Foundation Resource Management Inc. raised its holdings in shares of Mosaic by 1.1% during the 2nd quarter. Foundation Resource Management Inc. now owns 640,328 shares of the basic materials company’s stock worth $23,359,000 after acquiring an additional 6,980 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Mosaic by 130.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,774 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 6,091 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Mosaic during the 2nd quarter worth $7,323,000. CX Institutional raised its holdings in shares of Mosaic by 13.6% during the 2nd quarter. CX Institutional now owns 9,506 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 1,138 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Mosaic by 25.7% during the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 387 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 5.8%

Shares of NYSE:MOS opened at $35.94 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market capitalization of $11.41 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The firm’s 50-day moving average is $33.89 and its two-hundred day moving average is $32.38. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

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

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. Mosaic’s dividend payout ratio is 29.83%.

Analyst Ratings Changes

MOS has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mosaic in a report on Monday, July 14th. Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank decreased their target price on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 11th. UBS Group upped their target price on shares of Mosaic from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Mosaic presently has an average rating of “Moderate Buy” and an average price target of $36.42.

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.