Meixler Investment Management Ltd. Decreases Stake in The Mosaic Company $MOS

Meixler Investment Management Ltd. decreased its holdings in The Mosaic Company (NYSE:MOS) by 17.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,495 shares of the basic materials company’s stock after selling 2,900 shares during the period. Meixler Investment Management Ltd.’s holdings in Mosaic were worth $492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bangor Savings Bank purchased a new position in Mosaic during the second quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st 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 during the period. Allworth Financial LP raised its holdings in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock valued at $31,000 after buying an additional 537 shares during the period. Reyes Financial Architecture Inc. purchased a new position in shares of Mosaic in the second quarter valued at approximately $31,000. Finally, Grove Bank & Trust increased its position in shares of Mosaic by 88.8% during the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 474 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of Mosaic stock opened at $27.45 on Friday. The firm’s fifty day simple moving average is $32.45 and its 200-day simple moving average is $33.54. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 9.30, 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 issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is 29.83%.

Analyst Ratings Changes

Several research firms recently commented on MOS. Wells Fargo & Company dropped their target price on Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th. Bank of America lowered their price objective on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. raised their target price on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Scotiabank downgraded Mosaic from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $39.00 to $34.00 in a report on Friday, October 10th. Finally, Barclays cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Mosaic has a consensus rating of “Moderate Buy” and a consensus price target of $35.23.

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.