The Mosaic Company $MOS Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its position in shares of The Mosaic Company (NYSE:MOS) by 1.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 99,857 shares of the basic materials company’s stock after acquiring an additional 1,172 shares during the period. Howard Capital Management Inc.’s holdings in Mosaic were worth $3,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Mosaic by 45.8% during the 1st quarter. GAMMA Investing LLC now owns 16,685 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 5,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Mosaic by 19.9% in 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 purchasing an additional 7,828 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Mosaic by 36.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company’s stock worth $1,520,000 after purchasing an additional 14,943 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Mosaic by 14.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,161 shares of the basic materials company’s stock worth $2,021,000 after purchasing an additional 9,472 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Mosaic by 1.9% during the 1st quarter. KBC Group NV now owns 853,984 shares of the basic materials company’s stock worth $23,066,000 after purchasing an additional 16,318 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $29.56 on Tuesday. The business’s 50-day moving average price is $32.79 and its 200 day moving average price is $33.47. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a market capitalization of $9.38 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00.

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

Mosaic Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.0%. Mosaic’s dividend payout ratio is 29.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MOS. Royal Bank Of Canada cut Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 target price on the stock. in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Mosaic in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Bank of America cut their target price on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, UBS Group decreased their price target on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.23.

Mosaic Company 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.