Fox Run Management L.L.C. Has $383,000 Position in The Mosaic Company $MOS

Fox Run Management L.L.C. cut its stake in shares of The Mosaic Company (NYSE:MOS) by 67.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,488 shares of the basic materials company’s stock after selling 21,681 shares during the period. Fox Run Management L.L.C.’s holdings in Mosaic were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 537 shares during the last quarter. Cerity Partners LLC grew its stake in Mosaic by 7.6% in the first quarter. Cerity Partners LLC now owns 41,068 shares of the basic materials company’s stock valued at $1,109,000 after purchasing an additional 2,889 shares in the last quarter. Ballentine Partners LLC increased its position in Mosaic by 31.2% in the 1st quarter. Ballentine Partners LLC now owns 11,363 shares of the basic materials company’s stock worth $307,000 after purchasing an additional 2,705 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Mosaic by 20.0% during the 1st quarter. New York State Common Retirement Fund now owns 225,271 shares of the basic materials company’s stock worth $6,085,000 after purchasing an additional 37,500 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Mosaic by 37.3% during the 1st quarter. CWM LLC now owns 16,137 shares of the basic materials company’s stock valued at $436,000 after buying an additional 4,382 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

MOS has been the topic of several recent research reports. Royal Bank Of Canada raised shares of Mosaic from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 4th. Barclays reduced their price objective on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. 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 report on Tuesday, October 14th. Zacks Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. downgraded Mosaic from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $37.00 to $26.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus target price of $34.15.

Mosaic Trading Down 1.2%

Shares of NYSE:MOS opened at $25.41 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock’s 50-day moving average is $31.27 and its 200-day moving average is $33.43. The company has a market cap of $8.06 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.94 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.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. Mosaic’s dividend payout ratio (DPR) is presently 22.80%.

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.