Metis Global Partners LLC Has $777,000 Stock Holdings in The Mosaic Company (NYSE:MOS)

Metis Global Partners LLC boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 19.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,003 shares of the basic materials company’s stock after acquiring an additional 4,740 shares during the quarter. Metis Global Partners LLC’s holdings in Mosaic were worth $777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOS. Price T Rowe Associates Inc. MD grew its stake in shares of Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after buying an additional 1,628,850 shares during the period. Boston Partners increased its stake in shares of Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after buying an additional 1,211,544 shares during the period. Finally, Swedbank AB bought a new position in shares of Mosaic during the first quarter worth about $37,936,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on MOS. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday. Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Trading Up 0.2 %

NYSE:MOS opened at $26.38 on Monday. The firm has a fifty day simple moving average of $26.38 and a two-hundred day simple moving average of $27.89. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.71 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its 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). 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 quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was down 20.8% on a year-over-year basis. Analysts expect that The Mosaic Company will post 2.21 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s payout ratio is 74.34%.

About Mosaic

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.