Dimensional Fund Advisors LP Reduces Position in Mosaic Co (MOS)

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Dimensional Fund Advisors LP reduced its position in shares of Mosaic Co (NYSE:MOS) by 13.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,406,028 shares of the basic materials company’s stock after selling 712,957 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Mosaic were worth $123,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in shares of Mosaic by 8.4% in the second quarter. Janus Henderson Group PLC now owns 431,675 shares of the basic materials company’s stock worth $12,109,000 after purchasing an additional 33,353 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Mosaic by 7.1% in the second quarter. CIBC Asset Management Inc now owns 39,747 shares of the basic materials company’s stock worth $1,115,000 after purchasing an additional 2,647 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Mosaic by 13.2% in the second quarter. Standard Life Aberdeen plc now owns 172,733 shares of the basic materials company’s stock worth $4,846,000 after purchasing an additional 20,194 shares in the last quarter. Robecosam AG grew its stake in shares of Mosaic by 97.8% in the second quarter. Robecosam AG now owns 18,752 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 9,271 shares in the last quarter. Finally, Headinvest LLC bought a new position in shares of Mosaic in the second quarter worth $252,000. 74.59% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Luciano Siani Pires bought 2,000 shares of Mosaic stock in a transaction dated Thursday, August 16th. The stock was acquired at an average cost of $29.68 per share, with a total value of $59,360.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $59,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Several research firms have recently issued reports on MOS. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target (up previously from $28.00) on shares of Mosaic in a research note on Tuesday, August 7th. Citigroup increased their price target on Mosaic from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 11th. UBS Group raised Mosaic from a “neutral” rating to a “positive” rating in a research note on Wednesday, June 27th. Cowen raised their target price on Mosaic from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Finally, Barclays began coverage on Mosaic in a research note on Tuesday. They set an “equal weight” rating and a $34.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Mosaic currently has an average rating of “Hold” and an average price target of $31.49.

Shares of MOS stock opened at $30.28 on Friday. Mosaic Co has a fifty-two week low of $19.23 and a fifty-two week high of $32.32. The stock has a market cap of $12.05 billion, a P/E ratio of 27.98, a PEG ratio of 2.68 and a beta of 1.55. The company has a quick ratio of 0.77, a current ratio of 1.61 and a debt-to-equity ratio of 0.45.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis. sell-side analysts predict that Mosaic Co will post 1.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, September 6th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.33%. Mosaic’s dividend payout ratio is currently 9.17%.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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