Donald Smith & CO. Inc. Grows Position in The Mosaic Company (NYSE:MOS)

Donald Smith & CO. Inc. grew its stake in The Mosaic Company (NYSE:MOSFree Report) by 32.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,751,580 shares of the basic materials company’s stock after buying an additional 668,347 shares during the quarter. Mosaic makes up 1.7% of Donald Smith & CO. Inc.’s portfolio, making the stock its 25th biggest holding. Donald Smith & CO. Inc. owned 0.86% of Mosaic worth $73,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Highlander Capital Management LLC raised its holdings in shares of Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares during the last quarter. Blue Trust Inc. grew its stake in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 351 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Mosaic during the second quarter worth about $46,000. Kimelman & Baird LLC acquired a new position in shares of Mosaic during the second quarter valued at approximately $49,000. Finally, Fidelis Capital Partners LLC purchased a new position in Mosaic in the 1st quarter valued at $50,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MOS shares. Barclays reduced their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Mizuho dropped their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. UBS Group cut their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company reduced their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $33.11.

Check Out Our Latest Stock Report on MOS

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now owns 136,682 shares in the company, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Mosaic Trading Up 2.0 %

Shares of NYSE:MOS traded up $0.53 during trading on Wednesday, reaching $27.22. The stock had a trading volume of 507,063 shares, compared to its average volume of 4,332,379. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.76 billion, a P/E ratio of 11.36, a PEG ratio of 1.66 and a beta of 1.35. The business has a fifty day moving average price of $26.58 and a 200-day moving average price of $28.19. The Mosaic Company has a fifty-two week low of $24.11 and a fifty-two week high of $38.30.

Mosaic (NYSE:MOSGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company’s revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, analysts anticipate that The Mosaic Company will post 2.27 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, September 5th. Mosaic’s payout ratio is 35.74%.

Mosaic Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.