Machina Capital S.A.S. Takes $639,000 Position in The Mosaic Company $MOS

Machina Capital S.A.S. purchased a new stake in shares of The Mosaic Company (NYSE:MOS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,521 shares of the basic materials company’s stock, valued at approximately $639,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MOS. Vontobel Holding Ltd. raised its holdings in shares of Mosaic by 12.8% during the 1st quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company’s stock valued at $636,000 after purchasing an additional 2,663 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Mosaic during the 1st quarter valued at $2,048,000. Ninety One UK Ltd bought a new position in shares of Mosaic during the 1st quarter valued at $16,455,000. Hourglass Capital LLC raised its holdings in shares of Mosaic by 30.9% during the 1st quarter. Hourglass Capital LLC now owns 55,100 shares of the basic materials company’s stock valued at $1,488,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Flossbach Von Storch SE acquired a new position in Mosaic in the 1st quarter valued at $202,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $27.23 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.94 and a beta of 1.00. The company’s fifty day moving average is $32.34 and its two-hundred day moving average is $33.58. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities research analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is currently 29.83%.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on shares of Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 16th. Barclays lowered their target price on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. UBS Group lowered their target price on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Bank of America lowered their target price on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.23.

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.