Quadrature Capital Ltd Reduces Stock Holdings in Mosaic Co (NYSE:MOS)

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Quadrature Capital Ltd trimmed its holdings in Mosaic Co (NYSE:MOS) by 30.7% during the second quarter, Holdings Channel reports. The institutional investor owned 91,354 shares of the basic materials company’s stock after selling 40,461 shares during the period. Quadrature Capital Ltd’s holdings in Mosaic were worth $1,144,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Handelsbanken Fonder AB acquired a new stake in Mosaic in the 2nd quarter worth about $687,000. Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,824,009 shares of the basic materials company’s stock worth $35,329,000 after buying an additional 18,897 shares during the last quarter. AQR Capital Management LLC boosted its stake in Mosaic by 880.6% in the 2nd quarter. AQR Capital Management LLC now owns 674,618 shares of the basic materials company’s stock worth $8,406,000 after buying an additional 605,820 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Mosaic by 30.7% in the 2nd quarter. Engineers Gate Manager LP now owns 49,490 shares of the basic materials company’s stock worth $619,000 after buying an additional 11,625 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Mosaic by 4.3% in the 2nd quarter. California State Teachers Retirement System now owns 635,736 shares of the basic materials company’s stock worth $7,953,000 after buying an additional 26,154 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

MOS stock traded up $0.05 during midday trading on Friday, hitting $18.53. 3,852,691 shares of the company’s stock were exchanged, compared to its average volume of 4,371,859. The company has a current ratio of 1.30, a quick ratio of 0.68 and a debt-to-equity ratio of 0.52. Mosaic Co has a 12-month low of $6.50 and a 12-month high of $23.18. The firm has a 50 day moving average price of $16.21 and a 200-day moving average price of $13.53. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of -6.26, a price-to-earnings-growth ratio of 8.59 and a beta of 1.93.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, August 3rd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Mosaic had a negative return on equity of 0.64% and a negative net margin of 12.92%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.12 EPS. Mosaic’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Mosaic Co will post 0.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 1.08%. Mosaic’s dividend payout ratio is presently 105.26%.

MOS has been the topic of a number of research reports. ValuEngine downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Goldman Sachs Group raised their price objective on Mosaic from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Bank of America upgraded Mosaic from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $15.00 in a report on Monday, June 29th. Berenberg Bank restated a “hold” rating and issued a $16.00 price objective on shares of Mosaic in a report on Tuesday, August 11th. Finally, Zacks Investment Research upgraded Mosaic from a “sell” rating to a “hold” rating and set a $14.00 price objective on the stock in a report on Tuesday, July 7th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.74.

About Mosaic

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 International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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