Creative Planning Buys 6,278 Shares of The Mosaic Company (NYSE:MOS)

Creative Planning boosted its stake in shares of The Mosaic Company (NYSE:MOS) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,765 shares of the basic materials company’s stock after buying an additional 6,278 shares during the period. Creative Planning’s holdings in Mosaic were worth $824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Highlander Capital Management LLC boosted its stake in shares of Mosaic by 515.4% in the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 351 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Mosaic in the 1st quarter worth $50,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Mosaic in the 2nd quarter worth $46,000. Finally, Kimelman & Baird LLC purchased a new position in Mosaic during the second quarter valued at $49,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 0.5 %

Shares of Mosaic stock opened at $26.89 on Friday. The firm has a market capitalization of $8.57 billion, a PE ratio of 36.34, a P/E/G ratio of 1.68 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 firm’s 50-day moving average price is $26.51 and its 200 day moving average price is $28.13. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 EPS. On average, sell-side analysts predict that The Mosaic Company will post 2.27 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.12%. Mosaic’s dividend payout ratio (DPR) is 113.51%.

Insiders Place Their Bets

In other news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now owns 136,682 shares in the company, 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. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.