Redwood Investment Management LLC Invests $1.82 Million in The Mosaic Company (NYSE:MOS)

Redwood Investment Management LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 67,330 shares of the basic materials company’s stock, valued at approximately $1,818,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MOS. Blue Trust Inc. raised its stake in Mosaic by 40.0% in the second 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. Crossmark Global Holdings Inc. raised its stake in Mosaic by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares in the last quarter. Moors & Cabot Inc. raised its stake in Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 382 shares in the last quarter. CVA Family Office LLC raised its stake in Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 384 shares in the last quarter. Finally, CX Institutional raised its stake in Mosaic by 1.5% in the second quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock valued at $823,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE:MOS opened at $25.61 on Friday. The stock has a market cap of $8.13 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.91 and a beta of 1.34. 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 stock’s 50-day moving average is $26.54 and its 200-day moving average is $27.56. The Mosaic Company has a 1-year low of $24.11 and a 1-year 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 company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s revenue was down 20.8% on a year-over-year basis. Equities research analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is presently 74.34%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MOS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Mizuho boosted their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Finally, Barclays decreased their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.22.

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.