Glenorchy Capital Ltd Makes New Investment in The Mosaic Company (NYSE:MOS)

Glenorchy Capital Ltd purchased a new position in The Mosaic Company (NYSE:MOS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,256 shares of the basic materials company’s stock, valued at approximately $1,760,000. Mosaic accounts for 0.7% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds have also modified their holdings of the company. Denali Advisors LLC boosted its position in shares of Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Mosaic by 28.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after buying an additional 1,289 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Mosaic in the third quarter worth $57,000. Finally, Planned Solutions Inc. purchased a new position in shares of Mosaic in the fourth quarter worth $65,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Trading Down 1.1 %

Shares of NYSE MOS traded down $0.33 during mid-day trading on Tuesday, reaching $30.41. The company had a trading volume of 3,935,568 shares, compared to its average volume of 4,877,516. The business’s 50-day moving average is $31.51 and its 200-day moving average is $33.38. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The Mosaic Company has a 52 week low of $29.25 and a 52 week high of $44.44.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 earnings per share. Equities analysts expect that The Mosaic Company will post 2.81 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s payout ratio is presently 24.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MOS shares. Wells Fargo & Company boosted their target price on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a report on Thursday, February 22nd. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. Wolfe Research initiated coverage on shares of Mosaic in a research note on Friday, March 1st. They set an “outperform” rating and a $39.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $40.27.

Mosaic Company 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.