GSA Capital Partners LLP Takes $244,000 Position in The Mosaic Company (NYSE:MOS)

GSA Capital Partners LLP acquired a new position in The Mosaic Company (NYSE:MOS) during the third quarter, HoldingsChannel.com reports. The fund acquired 9,123 shares of the basic materials company’s stock, valued at approximately $244,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the period. Crossmark Global Holdings Inc. lifted its holdings 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 valued at $625,000 after buying an additional 354 shares during the period. Moors & Cabot Inc. lifted its holdings in Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after buying an additional 382 shares during the period. CVA Family Office LLC boosted its position in Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the last quarter. Finally, CX Institutional grew its holdings in Mosaic by 1.5% during the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after acquiring an additional 418 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MOS shares. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company reduced their target price 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 investment 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. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Stock Performance

Shares of MOS stock opened at $26.03 on Friday. The stock has a market capitalization of $8.27 billion, a P/E ratio of 23.04, a PEG ratio of 1.77 and a beta of 1.35. 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. The firm’s 50 day moving average is $26.44 and its 200 day moving average is $27.79.

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 return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, sell-side analysts anticipate that The Mosaic Company will post 2.11 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.23%. Mosaic’s dividend payout ratio is presently 74.34%.

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.