Accredited Investors Inc. Lowers Stock Position in The Mosaic Company $MOS

Accredited Investors Inc. trimmed its position in The Mosaic Company (NYSE:MOS) by 58.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,624 shares of the basic materials company’s stock after selling 14,850 shares during the quarter. Accredited Investors Inc.’s holdings in Mosaic were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 433 shares in the last quarter. Bangor Savings Bank bought a new stake in shares of Mosaic during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its holdings in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares in the last quarter. Allworth Financial LP boosted its position in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 537 shares during the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in Mosaic during the second quarter valued at $31,000. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Mosaic in a report on Tuesday. They issued an “equal weight” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. lowered Mosaic from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $37.00 to $26.00 in a research note on Tuesday. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, CIBC reduced their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $34.00.

Mosaic Trading Down 0.6%

MOS opened at $25.73 on Wednesday. The stock has a 50-day moving average of $31.42 and a 200 day moving average of $33.49. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The firm has a market cap of $8.17 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, research analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s payout ratio is presently 22.80%.

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.