56,790 Shares in The Mosaic Company $MOS Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC acquired a new stake in shares of The Mosaic Company (NYSE:MOS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 56,790 shares of the basic materials company’s stock, valued at approximately $1,969,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in shares of Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares during the period. Bangor Savings Bank bought a new position in Mosaic in the second quarter worth $26,000. Geneos Wealth Management Inc. raised its holdings in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Rothschild Investment LLC lifted its position in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after buying an additional 650 shares during the period. Finally, Rexford Capital Inc. bought a new stake in shares of Mosaic during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MOS shares. Wall Street Zen lowered shares of Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. CIBC lowered their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group cut their price target on Mosaic from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Mizuho reduced their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.73.

Mosaic Stock Down 0.4%

MOS stock opened at $23.94 on Friday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The business has a fifty day moving average price of $26.25 and a 200-day moving average price of $31.81.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.Mosaic’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. Equities analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio is 22.80%.

Mosaic Profile

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.