Janney Montgomery Scott LLC grew its position in shares of Mosaic Co (NYSE:MOS) by 20.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,739 shares of the basic materials company’s stock after purchasing an additional 5,485 shares during the period. Janney Montgomery Scott LLC’s holdings in Mosaic were worth $671,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Mosaic by 101.0% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 26,182 shares of the basic materials company’s stock worth $528,000 after buying an additional 13,157 shares during the period. S&CO Inc. boosted its position in shares of Mosaic by 3.8% in the 3rd quarter. S&CO Inc. now owns 1,266,805 shares of the basic materials company’s stock worth $25,970,000 after purchasing an additional 45,790 shares in the last quarter. Dupont Capital Management Corp boosted its position in shares of Mosaic by 17.7% in the 3rd quarter. Dupont Capital Management Corp now owns 10,800 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 1,625 shares in the last quarter. RBA Wealth Management LLC bought a new stake in shares of Mosaic in the 3rd quarter worth approximately $1,841,000. Finally, Cedar Wealth Management LLC boosted its position in shares of Mosaic by 25.2% in the 3rd quarter. Cedar Wealth Management LLC now owns 20,355 shares of the basic materials company’s stock worth $417,000 after purchasing an additional 4,095 shares in the last quarter. 75.18% of the stock is owned by hedge funds and other institutional investors.
MOS traded up $0.35 during mid-day trading on Tuesday, reaching $21.28. 1,141,973 shares of the company traded hands, compared to its average volume of 3,801,149. The stock has a market capitalization of $8.03 billion, a P/E ratio of 10.04, a P/E/G ratio of 5.44 and a beta of 1.65. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $20.20 and its 200-day moving average price is $21.99. Mosaic Co has a 52-week low of $17.36 and a 52-week high of $37.33.
Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. Mosaic’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts forecast that Mosaic Co will post 0.55 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. Mosaic’s dividend payout ratio is presently 9.43%.
MOS has been the topic of a number of analyst reports. Consumer Edge initiated coverage on Mosaic in a research report on Monday, September 23rd. They issued an “equal weight” rating and a $22.00 price target on the stock. Cfra reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Mosaic in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut Mosaic from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $20.00 in a research report on Wednesday, November 6th. Cowen lowered their price objective on Mosaic from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Finally, ValuEngine raised Mosaic from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.75.
In related news, Director Cheryl K. Beebe acquired 12,998 shares of Mosaic stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the purchase, the director now directly owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William T. Monahan acquired 2,360 shares of Mosaic stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $21.15 per share, with a total value of $49,914.00. Following the completion of the purchase, the director now directly owns 39,235 shares in the company, valued at $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by insiders.
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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