Dimensional Fund Advisors LP Increases Stake in The Mosaic Company (NYSE:MOS)

Dimensional Fund Advisors LP raised its stake in shares of The Mosaic Company (NYSE:MOS) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,497,545 shares of the basic materials company’s stock after buying an additional 456,327 shares during the quarter. Dimensional Fund Advisors LP owned about 3.63% of Mosaic worth $310,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOS. Raymond James Financial Inc. bought a new position in shares of Mosaic during the 4th quarter valued at approximately $3,599,000. Sterling Capital Management LLC boosted its position in shares of Mosaic by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 19,115 shares of the basic materials company’s stock valued at $470,000 after acquiring an additional 6,919 shares during the last quarter. Mariner LLC boosted its position in shares of Mosaic by 12.9% during the 4th quarter. Mariner LLC now owns 52,757 shares of the basic materials company’s stock valued at $1,297,000 after acquiring an additional 6,027 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Mosaic during the 4th quarter valued at approximately $206,000. Finally, Guggenheim Capital LLC boosted its position in shares of Mosaic by 29.4% during the 4th quarter. Guggenheim Capital LLC now owns 44,019 shares of the basic materials company’s stock valued at $1,082,000 after acquiring an additional 10,013 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares of the company’s stock, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Mosaic Stock Performance

MOS stock opened at $32.47 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 business’s fifty day simple moving average is $35.43 and its two-hundred day simple moving average is $31.02. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.51 and a beta of 1.12.

Mosaic (NYSE:MOS) last posted 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). Mosaic had a return on equity of 4.74% and a net margin of 8.35%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $0.54 EPS. Mosaic’s quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $43.00 price target (up previously from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Barclays increased their price target on Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Wall Street Zen upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Saturday, July 5th. UBS Group increased their price target on Mosaic from $45.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.42.

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.