43,803 Shares in The Mosaic Company $MOS Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new position in The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,803 shares of the basic materials company’s stock, valued at approximately $1,598,000.

A number of other large investors also recently bought and sold shares of the business. Bangor Savings Bank acquired a new position in shares of Mosaic during the second quarter valued at approximately $26,000. Reyes Financial Architecture Inc. acquired a new position in shares of Mosaic during the second quarter valued at approximately $31,000. Geneos Wealth Management Inc. raised its holdings in shares of Mosaic by 169.3% during the first 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. Grove Bank & Trust raised its holdings in shares of Mosaic by 88.8% during the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 474 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Up 1.2%

NYSE:MOS opened at $30.00 on Monday. The firm has a market cap of $9.52 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The stock has a fifty day moving average price of $32.84 and a 200 day moving average price of $33.43. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last released its 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 company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. Sell-side analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. Mosaic’s dividend payout ratio (DPR) is 29.83%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MOS. Royal Bank Of Canada cut Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 target price for the company. in a report on Friday, October 10th. UBS Group reduced their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wells Fargo & Company reduced their target price on Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, October 16th. Zacks Research lowered Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Oppenheimer set a $40.00 price target on Mosaic in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.23.

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.