Wellington Management Group LLP Sells 172,842 Shares of The Mosaic Company (NYSE:MOS)

Wellington Management Group LLP lessened its holdings in The Mosaic Company (NYSE:MOS) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 571,385 shares of the basic materials company’s stock after selling 172,842 shares during the period. Wellington Management Group LLP owned 0.18% of Mosaic worth $15,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic during the second quarter worth approximately $46,000. Larson Financial Group LLC grew its position in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Mosaic during the second quarter worth approximately $49,000. Finally, CVA Family Office LLC lifted its holdings in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday. They issued a “market perform” rating on the stock. Mizuho lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $35.40.

Mosaic Trading Up 0.5 %

Shares of MOS opened at $26.79 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.85 and a beta of 1.34. The business’s fifty day moving average is $26.45 and its 200-day moving average is $27.33.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $0.68 EPS. The firm’s revenue was down 20.8% compared to the same quarter last year. Equities analysts anticipate that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given 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 3.14%. Mosaic’s dividend payout ratio is currently 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.