Raymond James & Associates Cuts Position in The Mosaic Company (NYSE:MOS)

Raymond James & Associates decreased its holdings in The Mosaic Company (NYSE:MOS) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 207,820 shares of the basic materials company’s stock after selling 11,066 shares during the quarter. Raymond James & Associates owned about 0.06% of Mosaic worth $5,565,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Kingsview Wealth Management LLC acquired a new position in shares of Mosaic in the 1st quarter valued at about $1,776,000. Manning & Napier Advisors LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at about $3,610,000. Duality Advisers LP lifted its stake in shares of Mosaic by 523.0% in the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock valued at $7,024,000 after purchasing an additional 181,654 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Mosaic by 1,815.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MOS. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Mizuho dropped their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. UBS Group dropped their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.11.

Mosaic Price Performance

Shares of MOS opened at $26.89 on Friday. The company has a market cap of $8.57 billion, a P/E ratio of 36.34, a PEG ratio of 1.71 and a beta of 1.35. The stock has a fifty day moving average price of $26.54 and a 200 day moving average price of $28.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. Mosaic’s quarterly revenue was down 17.0% compared to the same quarter last year. On average, research analysts forecast that The Mosaic Company will post 2.27 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio is 113.51%.

Insider Activity

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

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.