Quarry LP Grows Holdings in The Mosaic Company (NYSE:MOS)

Quarry LP raised its position in The Mosaic Company (NYSE:MOS) by 48.0% in the third quarter, Holdings Channel reports. The institutional investor owned 57,574 shares of the basic materials company’s stock after purchasing an additional 18,680 shares during the period. Quarry LP’s holdings in Mosaic were worth $1,542,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Redwood Investment Management LLC purchased a new stake in shares of Mosaic during the third quarter worth about $1,818,000. Point72 DIFC Ltd increased its stake in shares of Mosaic by 5.3% during the third quarter. Point72 DIFC Ltd now owns 66,105 shares of the basic materials company’s stock worth $1,770,000 after purchasing an additional 3,306 shares in the last quarter. Millburn Ridgefield Corp increased its stake in shares of Mosaic by 1,208.5% during the third quarter. Millburn Ridgefield Corp now owns 4,004 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 3,698 shares in the last quarter. Investment Management Corp of Ontario increased its stake in shares of Mosaic by 48.9% during the third quarter. Investment Management Corp of Ontario now owns 10,662 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Mosaic by 25.8% during the third quarter. Holocene Advisors LP now owns 176,444 shares of the basic materials company’s stock worth $4,725,000 after purchasing an additional 36,154 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $26.72 on Thursday. 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 firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.91 and a beta of 1.34. The company’s 50-day moving average is $26.55 and its two-hundred day moving average is $27.57. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 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 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Analysts forecast that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.14%. Mosaic’s payout ratio is 74.34%.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Barclays cut their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Finally, Mizuho boosted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.22.

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.