Tidal Investments LLC Acquires 1,534 Shares of The Mosaic Company (NYSE:MOS)

Tidal Investments LLC grew its stake in The Mosaic Company (NYSE:MOS) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,617 shares of the basic materials company’s stock after buying an additional 1,534 shares during the period. Tidal Investments LLC’s holdings in Mosaic were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Mosaic by 2.2% in the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after buying an additional 178,844 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Mosaic by 34.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after purchasing an additional 1,628,850 shares in the last quarter. AQR Capital Management LLC raised its stake in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after buying an additional 435,598 shares during the period. Two Sigma Advisers LP grew its stake in Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after acquiring an additional 947,500 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

Mosaic stock opened at $23.88 on Friday. The Mosaic Company has a twelve month low of $23.70 and a twelve month high of $37.63. The company has a market capitalization of $7.59 billion, a P/E ratio of 21.13, a PEG ratio of 1.85 and a beta of 1.34. The stock’s 50 day moving average is $26.38 and its 200 day moving average is $27.20. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last released its quarterly earnings data 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 net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down 20.8% on a year-over-year basis. On average, equities research analysts predict that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Wall Street Analyst Weigh In

MOS has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Barclays dropped their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company cut their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Oppenheimer initiated coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.40.

About Mosaic

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.