Entropy Technologies LP Takes Position in The Mosaic Company (NYSE:MOS)

Entropy Technologies LP bought a new position in shares of The Mosaic Company (NYSE:MOS) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 13,324 shares of the basic materials company’s stock, valued at approximately $357,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Highlander Capital Management LLC raised its stake in shares of Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 670 shares during the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Mosaic in the 2nd quarter valued at $46,000. Kimelman & Baird LLC acquired a new position in Mosaic in the second quarter worth $49,000. Finally, CVA Family Office LLC increased its stake in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after buying an additional 384 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday. Barclays reduced their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Mizuho boosted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $33.22.

Mosaic Price Performance

Mosaic stock opened at $26.38 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.41 billion, a P/E ratio of 23.35, a PEG ratio of 1.65 and a beta of 1.35. The business has a 50-day moving average of $26.38 and a 200-day moving average of $27.89. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30.

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). The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, equities analysts anticipate that The Mosaic Company will post 2.26 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced 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 3.18%. Mosaic’s payout ratio is 74.34%.

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.