GAMMA Investing LLC Acquires Shares of 2,937 The Mosaic Company (NYSE:MOS)

GAMMA Investing LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,937 shares of the basic materials company’s stock, valued at approximately $105,000.

A number of other hedge funds have also added to or reduced their stakes in MOS. SG Americas Securities LLC increased its position in Mosaic by 95.0% during the 3rd quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock valued at $1,504,000 after purchasing an additional 20,585 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,289 shares during the period. Czech National Bank grew its position in shares of Mosaic by 47.9% in the 3rd quarter. Czech National Bank now owns 58,186 shares of the basic materials company’s stock worth $2,071,000 after buying an additional 18,848 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of Mosaic by 16.7% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 36,789 shares of the basic materials company’s stock worth $1,310,000 after buying an additional 5,255 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Mosaic by 29.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company’s stock worth $3,360,000 after buying an additional 21,706 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MOS shares. The Goldman Sachs Group reduced their target price on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Scotiabank upgraded shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, February 22nd. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Finally, Mizuho cut shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five 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 price target of $40.27.

Mosaic Price Performance

NYSE MOS opened at $30.25 on Monday. The company has a 50-day moving average price of $31.52 and a 200-day moving average price of $33.26. The firm has a market capitalization of $9.73 billion, a P/E ratio of 8.67, a PEG ratio of 1.55 and a beta of 1.50. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $43.99. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.79 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is 24.07%.

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.