The Mosaic Company (NYSE:MOS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its position in The Mosaic Company (NYSE:MOS) by 159.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,401 shares of the basic materials company’s stock after acquiring an additional 37,695 shares during the quarter. Cerity Partners LLC’s holdings in Mosaic were worth $1,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MOS. Blue Trust Inc. boosted its stake in Mosaic by 40.0% during 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 period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Mosaic in the second quarter valued at about $46,000. Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the second quarter worth about $49,000. CVA Family Office LLC grew its holdings in shares of Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after buying an additional 384 shares during the last quarter. Finally, Huntington National Bank increased 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 valued at $59,000 after acquiring an additional 1,007 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of MOS opened at $27.58 on Tuesday. The company has a market capitalization of $8.76 billion, a PE ratio of 24.40, a P/E/G ratio of 1.83 and a beta of 1.35. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The company has a 50-day simple moving average of $26.49 and a 200-day simple moving average of $27.60. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

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

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.05%. Mosaic’s dividend payout ratio is presently 74.34%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Barclays dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Mizuho raised their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.22.

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.