Short Interest in Mosaic Co (MOS) Declines By 22.4%

Mosaic Co (NYSE:MOS) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 13,973,440 shares, a decrease of 22.4% from the November 15th total of 18,002,513 shares. Based on an average daily trading volume, of 4,304,498 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.0% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of MOS. YorkBridge Wealth Partners LLC raised its stake in shares of Mosaic by 13,636.4% during the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the period. Pacer Advisors Inc. raised its stake in shares of Mosaic by 8.7% during the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 587 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Mosaic by 30.5% during the second quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 2,210 shares during the period. Westover Capital Advisors LLC purchased a new stake in shares of Mosaic during the second quarter valued at approximately $218,000. Finally, Beach Investment Management LLC. purchased a new stake in shares of Mosaic during the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

A number of equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Cleveland Research upgraded shares of Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. assumed coverage on shares of Mosaic in a report on Wednesday, October 11th. They issued a “buy” rating and a $24.80 price target for the company. Finally, Piper Jaffray Companies set a $23.00 price target on shares of Mosaic and gave the company a “hold” rating in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Mosaic has a consensus rating of “Hold” and a consensus target price of $24.07.

Mosaic (MOS) opened at $24.92 on Monday. The firm has a market cap of $8,749.90, a PE ratio of 24.44, a PEG ratio of 2.61 and a beta of 1.31. Mosaic has a 1-year low of $19.23 and a 1-year high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. research analysts anticipate that Mosaic will post 1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 annualized dividend and a yield of 0.40%. Mosaic’s payout ratio is 10.42%.

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About Mosaic

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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