Geode Capital Management LLC Has $228.02 Million Stake in The Mosaic Company (NYSE:MOS)

Geode Capital Management LLC grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,351,351 shares of the basic materials company’s stock after acquiring an additional 178,844 shares during the period. Geode Capital Management LLC owned 2.62% of Mosaic worth $228,018,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Mosaic by 40.0% during 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 in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Mosaic during the 2nd quarter worth approximately $46,000. Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $49,000. Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,809 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Trading Up 0.5 %

NYSE MOS opened at $26.79 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.51 billion, a P/E ratio of 23.71, a PEG ratio of 1.85 and a beta of 1.34. The business has a fifty day simple moving average of $26.45 and a 200 day simple moving average of $27.33. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last announced 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). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts predict that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 3.14%. Mosaic’s payout ratio is presently 74.34%.

Analyst Upgrades and Downgrades

MOS has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Oppenheimer began coverage on Mosaic in a report on Thursday. They issued a “market perform” rating on the stock. Barclays decreased their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Mizuho increased their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.40.

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.