Two Sigma Investments LP Boosts Stock Position in The Mosaic Company (NYSE:MOS)

Two Sigma Investments LP raised its holdings in The Mosaic Company (NYSE:MOS) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,579,846 shares of the basic materials company’s stock after purchasing an additional 298,657 shares during the quarter. Two Sigma Investments LP owned 0.81% of Mosaic worth $63,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after buying an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock valued at $82,800,000 after acquiring an additional 150,186 shares during the period. OLD National Bancorp IN increased its stake in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Swedbank AB raised its holdings in shares of Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after purchasing an additional 117,838 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Mosaic in the fourth quarter valued at approximately $1,054,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MOS. Mizuho decreased their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. BNP Paribas raised Mosaic to a “strong-buy” rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their price objective on shares of Mosaic from $28.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Piper Sandler reissued a “neutral” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Price Performance

Shares of NYSE:MOS opened at $35.34 on Tuesday. The company has a 50 day moving average of $28.27 and a 200 day moving average of $26.85. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.21 billion, a P/E ratio of 31.27, a P/E/G ratio of 1.42 and a beta of 1.09. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $35.47.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $0.65 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.49%. Mosaic’s dividend payout ratio is currently 75.86%.

Mosaic Company 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.