Duality Advisers LP Sells 30,380 Shares of Mosaic Co (NYSE:MOS)

Duality Advisers LP lessened its holdings in shares of Mosaic Co (NYSE:MOS) by 23.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 98,690 shares of the basic materials company’s stock after selling 30,380 shares during the period. Duality Advisers LP’s holdings in Mosaic were worth $2,695,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Mosaic in the fourth quarter valued at about $143,363,000. Boston Partners boosted its holdings in Mosaic by 51.1% in the fourth quarter. Boston Partners now owns 14,243,641 shares of the basic materials company’s stock valued at $416,057,000 after acquiring an additional 4,814,199 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Mosaic by 3,480.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock valued at $161,000 after acquiring an additional 4,557,338 shares during the last quarter. FMR LLC boosted its holdings in Mosaic by 23.0% in the fourth quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock valued at $525,270,000 after acquiring an additional 3,363,282 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Mosaic by 439.3% in the fourth quarter. Millennium Management LLC now owns 3,744,249 shares of the basic materials company’s stock valued at $109,370,000 after acquiring an additional 3,049,952 shares during the last quarter. Institutional investors own 74.71% of the company’s stock.

NYSE:MOS traded up $0.24 on Monday, hitting $25.27. The stock had a trading volume of 9,951,734 shares, compared to its average volume of 4,518,906. The company’s fifty day moving average price is $22.70. The company has a market cap of $9.66 billion, a P/E ratio of 11.92, a PEG ratio of 2.08 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic Co has a 52 week low of $20.81 and a 52 week high of $37.37.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, analysts anticipate that Mosaic Co will post 1.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This is an increase from Mosaic’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. Mosaic’s dividend payout ratio is 9.43%.

A number of brokerages have issued reports on MOS. Standpoint Research upgraded Mosaic from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Barclays reaffirmed a “hold” rating and set a $28.00 price target on shares of Mosaic in a research report on Thursday, May 9th. Credit Suisse Group raised Mosaic from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $30.00 to $28.00 in a research report on Tuesday, May 7th. Bank of America raised Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, June 17th. Finally, ValuEngine lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.23.

In related news, CEO James Calvin O’rourke acquired 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $24.03 per share, with a total value of $240,300.00. Following the completion of the purchase, the chief executive officer now directly owns 168,345 shares in the company, valued at approximately $4,045,330.35. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Emery N. Koenig purchased 2,089 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $23.95 per share, with a total value of $50,031.55. Following the completion of the transaction, the director now directly owns 25,244 shares of the company’s stock, valued at approximately $604,593.80. The disclosure for this purchase can be found here. Over the last three months, insiders bought 17,339 shares of company stock valued at $414,182. Company insiders own 0.51% of the company’s stock.

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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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