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

Fmr LLC trimmed its position in The Mosaic Company (NYSE:MOS) by 26.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 176,778 shares of the basic materials company’s stock after selling 64,955 shares during the period. Fmr LLC’s holdings in Mosaic were worth $4,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Blue Trust Inc. grew its holdings in shares of Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 351 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in Mosaic by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 354 shares during the last quarter. Moors & Cabot Inc. grew its stake in Mosaic by 5.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 382 shares during the period. CVA Family Office LLC increased its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 384 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $26.66 on Friday. The firm has a 50 day moving average of $26.46 and a 200-day moving average of $27.39. The firm has a market capitalization of $8.47 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS 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 the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, sell-side analysts predict that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

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

Wall Street Analysts Forecast Growth

MOS has been the subject of several research reports. CIBC began coverage on shares of Mosaic in a research report on Tuesday. They set a “neutral” rating and a $55.00 price target for the company. Mizuho raised their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and a consensus target price 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.