Vise Technologies Inc. Buys New Shares in The Mosaic Company $MOS

Vise Technologies Inc. purchased a new position in The Mosaic Company (NYSE:MOS) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,716 shares of the basic materials company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its position in shares of Mosaic by 7.6% in the first quarter. Cerity Partners LLC now owns 41,068 shares of the basic materials company’s stock worth $1,109,000 after acquiring an additional 2,889 shares during the last quarter. CWM LLC increased its position in Mosaic by 37.3% during the first quarter. CWM LLC now owns 16,137 shares of the basic materials company’s stock worth $436,000 after purchasing an additional 4,382 shares during the last quarter. Csenge Advisory Group purchased a new position in Mosaic during the first quarter worth approximately $203,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Mosaic by 3.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,488 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 881 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Mosaic by 21.9% in the 1st quarter. Allianz Asset Management GmbH now owns 1,942,263 shares of the basic materials company’s stock valued at $52,461,000 after purchasing an additional 348,349 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MOS shares. CIBC dropped their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group dropped their price target on Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. UBS Group cut their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Oppenheimer decreased their target price on Mosaic from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Finally, Barclays dropped their target price on shares of Mosaic from $42.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.08.

Mosaic Price Performance

Shares of NYSE MOS opened at $24.67 on Wednesday. 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 Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.94 and a beta of 1.00. The business has a 50-day moving average of $30.69 and a 200-day moving average of $33.31.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.Mosaic’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, December 4th. Mosaic’s payout ratio is presently 22.80%.

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.