Sanctuary Advisors LLC Decreases Stake in The Mosaic Company (NYSE:MOS)

Sanctuary Advisors LLC trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 75.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,581 shares of the basic materials company’s stock after selling 35,328 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mosaic were worth $301,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. ANTIPODES PARTNERS Ltd purchased a new stake in Mosaic during the 2nd quarter worth approximately $46,000. Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Mosaic in the second quarter worth $49,000. Blue Trust Inc. raised its holdings in Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 570 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MOS shares. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Barclays reduced their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $35.40.

Mosaic Price Performance

Shares of NYSE:MOS opened at $23.87 on Friday. The firm’s 50 day moving average is $26.15 and its two-hundred day moving average is $26.98. The firm has a market capitalization of $7.58 billion, a P/E ratio of 21.12, a PEG ratio of 1.85 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52 week low of $23.60 and a 52 week high of $37.29.

Mosaic (NYSE:MOS) last posted its 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). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue was down 20.8% compared to the same quarter last year. Analysts anticipate that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.69%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is presently 77.88%.

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.