6,906 Shares in The Mosaic Company $MOS Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,906 shares of the basic materials company’s stock, valued at approximately $252,000.

Other hedge funds have also recently modified their holdings of the company. Bangor Savings Bank purchased a new stake in Mosaic during the 2nd quarter valued at about $26,000. Reyes Financial Architecture Inc. purchased a new stake in Mosaic during the 2nd quarter valued at about $31,000. Geneos Wealth Management Inc. grew its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares in the last quarter. NBC Securities Inc. purchased a new stake in Mosaic during the 1st quarter valued at about $26,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Mosaic during the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of MOS opened at $35.34 on Wednesday. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The firm’s fifty day simple moving average is $33.60 and its 200-day simple moving average is $32.95. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.64 and a beta of 1.00. 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 announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is 29.83%.

Analysts Set New Price Targets

Several analysts recently issued reports on MOS shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mosaic in a research note on Monday, July 14th. Scotiabank dropped their price target on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating for the company in a research note on Monday, August 11th. Barclays increased their price target on shares of Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Zacks Research raised shares of Mosaic from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Finally, UBS Group dropped their price target on shares of Mosaic from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.25.

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.