WBI Investments LLC Takes $638,000 Position in The Mosaic Company $MOS

WBI Investments LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,386 shares of the basic materials company’s stock, valued at approximately $638,000.

A number of other large investors also recently made changes to their positions in MOS. Caerus Investment Advisors LLC bought a new stake in Mosaic during the 3rd quarter worth approximately $712,000. Captrust Financial Advisors lifted its position in Mosaic by 102.1% in the 3rd quarter. Captrust Financial Advisors now owns 68,271 shares of the basic materials company’s stock valued at $2,368,000 after acquiring an additional 34,491 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Mosaic by 7.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 59,565 shares of the basic materials company’s stock worth $2,066,000 after purchasing an additional 3,917 shares during the period. Danske Bank A S acquired a new stake in shares of Mosaic in the 3rd quarter valued at about $121,000. Finally, Stance Capital LLC bought a new stake in shares of Mosaic in the third quarter valued at about $48,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $27.79 on Thursday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a market cap of $8.82 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. The business’s 50 day moving average price is $28.06 and its two-hundred day moving average price is $28.27. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. Mosaic’s payout ratio is presently 52.07%.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of recent research reports. Barclays reissued an “equal weight” rating and issued a $31.00 target price on shares of Mosaic in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce lifted their price target on shares of Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday. Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday, January 16th. Weiss Ratings downgraded Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley reduced their price target on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and an average target price of $30.94.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.