Charles Schwab Investment Management Inc. Raises Position in The Mosaic Company $MOS

Charles Schwab Investment Management Inc. lifted its stake in The Mosaic Company (NYSE:MOS) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,662,814 shares of the basic materials company’s stock after purchasing an additional 67,362 shares during the period. Charles Schwab Investment Management Inc. owned about 1.15% of Mosaic worth $133,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of Mosaic by 17.7% in the 1st quarter. Cetera Investment Advisers now owns 23,375 shares of the basic materials company’s stock valued at $631,000 after buying an additional 3,511 shares during the period. Natixis Advisors LLC raised its holdings in Mosaic by 64.3% in the first quarter. Natixis Advisors LLC now owns 30,414 shares of the basic materials company’s stock valued at $821,000 after acquiring an additional 11,908 shares in the last quarter. Barings LLC lifted its stake in Mosaic by 166.1% in the first quarter. Barings LLC now owns 322,205 shares of the basic materials company’s stock worth $8,703,000 after acquiring an additional 201,131 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Mosaic by 10.4% in the first quarter. PNC Financial Services Group Inc. now owns 53,765 shares of the basic materials company’s stock worth $1,452,000 after acquiring an additional 5,065 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Mosaic by 5.9% during the 1st quarter. Blair William & Co. IL now owns 37,009 shares of the basic materials company’s stock worth $1,000,000 after acquiring an additional 2,047 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of Mosaic stock opened at $24.28 on Friday. The firm’s fifty day simple moving average is $29.33 and its 200-day simple moving average is $32.93. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

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

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MOS shares. JPMorgan Chase & Co. lowered shares of Mosaic from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $26.00 in a report on Tuesday, November 11th. Oppenheimer cut their price target on Mosaic from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. UBS Group lowered their price objective on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Royal Bank Of Canada upgraded Mosaic from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group decreased their target price on Mosaic from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $33.08.

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.