Natixis Advisors LLC Invests $299,000 in The Mosaic Company (NYSE:MOS)

Natixis Advisors LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,154 shares of the basic materials company’s stock, valued at approximately $299,000.

A number of other institutional investors have also made changes to their positions in MOS. Blue Trust Inc. grew its position in Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Mosaic during the second quarter valued at $46,000. Kimelman & Baird LLC acquired a new position in shares of Mosaic during the 2nd quarter worth about $49,000. CVA Family Office LLC grew its stake in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares during the last quarter. Finally, Huntington National Bank grew its position in Mosaic by 85.2% in the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 1,007 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the subject of a number of recent research reports. Mizuho increased their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Finally, Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Stock Up 1.3 %

MOS stock opened at $25.73 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.17 billion, a PE ratio of 22.77, a P/E/G ratio of 1.81 and a beta of 1.35. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $38.30. The stock’s 50 day moving average is $26.42 and its 200-day moving average is $27.68.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. Sell-side analysts expect that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s payout ratio is currently 74.34%.

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.