Callan Family Office LLC Invests $223,000 in The Mosaic Company $MOS

Callan Family Office LLC purchased a new position in The Mosaic Company (NYSE:MOS) during the 2nd quarter, Holdings Channel reports. The fund purchased 6,118 shares of the basic materials company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Mosaic by 45.8% in the 1st quarter. GAMMA Investing LLC now owns 16,685 shares of the basic materials company’s stock worth $451,000 after acquiring an additional 5,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Mosaic by 19.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock valued at $1,275,000 after acquiring an additional 7,828 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Mosaic by 41.8% in the first quarter. Exchange Traded Concepts LLC now owns 5,407 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 1,595 shares during the period. QRG Capital Management Inc. bought a new position in Mosaic in the first quarter worth approximately $202,000. Finally, State of Alaska Department of Revenue grew its stake in Mosaic by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 37,209 shares of the basic materials company’s stock worth $1,005,000 after purchasing an additional 995 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS stock opened at $29.43 on Friday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock’s 50-day moving average is $33.14 and its 200 day moving average is $33.10. The company has a market cap of $9.34 billion, a P/E ratio of 9.98, a PEG ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. Mosaic’s dividend payout ratio is presently 29.83%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MOS. UBS Group decreased their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank lowered Mosaic from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $39.00 to $34.00 in a research note on Friday, October 10th. Royal Bank Of Canada downgraded Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 price objective for the company. in a report on Friday, October 10th. Barclays dropped their target price on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Finally, Wall Street Zen downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.