Jackson Square Capital LLC Invests $1.86 Million in The Mosaic Company (NYSE:MOS)

Jackson Square Capital LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 68,917 shares of the basic materials company’s stock, valued at approximately $1,861,000.

Several other large investors also recently made changes to their positions in MOS. Invesco Ltd. boosted its stake in Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after purchasing an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP boosted its stake in Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after purchasing an additional 2,151,426 shares during the period. Geode Capital Management LLC boosted its stake in Mosaic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after purchasing an additional 269,650 shares during the period. Northern Trust Corp boosted its stake in Mosaic by 5.9% during the 4th quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company’s stock valued at $127,119,000 after purchasing an additional 287,493 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Mosaic by 21.7% in the 4th quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company’s stock worth $98,086,000 after acquiring an additional 711,300 shares during the period. Institutional investors own 77.54% of the company’s stock.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the sale, the senior vice president now directly owns 128,546 shares of the company’s stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MOS shares. Royal Bank of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. UBS Group raised their price objective on Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Mosaic from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, Mizuho reduced their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.58.

Mosaic Price Performance

Mosaic stock opened at $35.72 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market capitalization of $11.33 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The Mosaic Company has a one year low of $22.36 and a one year high of $37.69. The business has a 50 day simple moving average of $31.76 and a 200 day simple moving average of $28.02.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. Mosaic’s dividend payout ratio is 75.86%.

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 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.