Convergence Investment Partners LLC Purchases Shares of 43,803 The Mosaic Company $MOS

Convergence Investment Partners LLC purchased a new stake in The Mosaic Company (NYSE:MOS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,803 shares of the basic materials company’s stock, valued at approximately $1,598,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOS. GAMMA Investing LLC increased its position in shares of Mosaic by 45.8% during the first quarter. GAMMA Investing LLC now owns 16,685 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 5,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Mosaic by 19.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock worth $1,275,000 after purchasing an additional 7,828 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Mosaic by 36.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company’s stock worth $1,520,000 after purchasing an additional 14,943 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Mosaic during the first quarter worth about $1,119,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Mosaic by 14.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,161 shares of the basic materials company’s stock worth $2,021,000 after purchasing an additional 9,472 shares in 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 firms have recently commented on MOS. Zacks Research cut Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Royal Bank Of Canada cut Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 target price on the stock. in a research report on Friday, October 10th. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company dropped their price target on Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.23.

Mosaic Stock Performance

Shares of MOS stock opened at $30.00 on Monday. The stock has a market capitalization of $9.52 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The stock’s 50-day moving average price is $32.84 and its 200 day moving average price is $33.43. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued 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). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s payout ratio is currently 29.83%.

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.