Point72 Hong Kong Ltd Makes New Investment in The Mosaic Company (NYSE:MOS)

Point72 Hong Kong Ltd bought a new position in The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,594 shares of the basic materials company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Mosaic in the second quarter worth $3,610,000. Swedbank AB lifted its stake in shares of Mosaic by 6.2% in the second quarter. Swedbank AB now owns 1,240,678 shares of the basic materials company’s stock valued at $35,856,000 after purchasing an additional 71,986 shares during the period. Quarry LP boosted its holdings in Mosaic by 131.4% during the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock worth $1,124,000 after buying an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the period. Finally, Herr Investment Group LLC grew its position in Mosaic by 1,318.7% during the second quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock worth $9,601,000 after buying an additional 308,792 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

NYSE:MOS opened at $27.58 on Tuesday. The Mosaic Company has a 12-month low of $24.11 and a 12-month high of $38.30. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The company’s 50-day moving average is $26.49 and its two-hundred day moving average is $27.60. 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 data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Research analysts expect that The Mosaic Company will post 2.07 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. 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. Barclays cut their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $33.22.

Mosaic 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.