The Mosaic Company (NYSE:MOS) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in The Mosaic Company (NYSE:MOS) by 54.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,626 shares of the basic materials company’s stock after selling 39,744 shares during the period. Teza Capital Management LLC’s holdings in Mosaic were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Toronto Dominion Bank raised its position in shares of Mosaic by 7.7% in the fourth quarter. Toronto Dominion Bank now owns 385,400 shares of the basic materials company’s stock worth $9,473,000 after acquiring an additional 27,647 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of Mosaic during the 4th quarter worth about $224,000. Royal Bank of Canada raised its position in shares of Mosaic by 4.2% during the 4th quarter. Royal Bank of Canada now owns 903,184 shares of the basic materials company’s stock worth $22,202,000 after purchasing an additional 36,635 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Mosaic by 12.1% during the 4th quarter. Rafferty Asset Management LLC now owns 27,572 shares of the basic materials company’s stock worth $678,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Mosaic during the 4th quarter worth about $891,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $35.34 on Tuesday. The firm has a 50 day simple moving average of $28.27 and a 200-day simple moving average of $26.85. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $35.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. On average, analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

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

Wall Street Analysts Forecast Growth

MOS has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Mosaic from $33.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Royal Bank of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $40.00 in a report on Thursday, May 8th. CIBC increased their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of Mosaic from $29.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Scotiabank reiterated an “outperform” rating on shares of Mosaic in a report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.58.

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.