Fmr LLC Sells 64,955 Shares of The Mosaic Company (NYSE:MOS)

Fmr LLC lowered its position in shares of The Mosaic Company (NYSE:MOS) by 26.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 176,778 shares of the basic materials company’s stock after selling 64,955 shares during the period. Fmr LLC owned about 0.06% of Mosaic worth $4,734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the last quarter. AQR Capital Management LLC grew its holdings in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after acquiring an additional 435,598 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after acquiring an additional 359,760 shares during the period. Finally, Donald Smith & CO. Inc. raised its stake in shares of Mosaic by 32.1% during the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after acquiring an additional 668,347 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $26.66 on Friday. 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 company’s 50-day moving average is $26.46 and its 200-day moving average is $27.39. The stock has a market capitalization of $8.47 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business posted $0.68 EPS. The company’s revenue was down 20.8% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.15%. Mosaic’s payout ratio is 74.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Oppenheimer began coverage on Mosaic in a report on Thursday. They issued a “market perform” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Mizuho lifted their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday. They set a “neutral” rating and a $55.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $35.40.

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.