Farther Finance Advisors LLC Purchases 6,091 Shares of The Mosaic Company $MOS

Farther Finance Advisors LLC increased its position in The Mosaic Company (NYSE:MOS) by 130.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,774 shares of the basic materials company’s stock after buying an additional 6,091 shares during the period. Farther Finance Advisors LLC’s holdings in Mosaic were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC bought a new stake in Mosaic in the second quarter worth $7,323,000. CX Institutional boosted its stake in shares of Mosaic by 13.6% during the 2nd quarter. CX Institutional now owns 9,506 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 1,138 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Mosaic by 25.7% during the 2nd quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 387 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Mosaic during the 2nd quarter valued at about $491,000. Finally, Grove Bank & Trust raised its stake in shares of Mosaic by 88.8% in the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 1.5%

NYSE MOS opened at $35.30 on Monday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.64 and a beta of 0.99. The stock’s 50 day moving average is $33.86 and its two-hundred day moving average is $32.63. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. Mosaic’s payout ratio is presently 29.83%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mosaic in a research note on Monday, July 14th. Wells Fargo & Company decreased their price target on shares of Mosaic from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, August 7th. Zacks Research upgraded Mosaic from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, JPMorgan Chase & Co. increased their target price on Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

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.