Creative Planning Grows Holdings in The Mosaic Company $MOS

Creative Planning lifted its position in shares of The Mosaic Company (NYSE:MOS) by 39.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,851 shares of the basic materials company’s stock after acquiring an additional 10,463 shares during the quarter. Creative Planning’s holdings in Mosaic were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MOS. First Horizon Advisors Inc. boosted its position in Mosaic by 172.5% during the second 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 acquired a new position in shares of Mosaic during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 601 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Mosaic during the 2nd quarter valued at approximately $31,000. Finally, Grove Bank & Trust grew its stake in 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 during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

NYSE:MOS opened at $24.60 on Friday. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The stock has a market cap of $7.81 billion, a PE ratio of 8.34, a P/E/G ratio of 0.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock has a 50 day moving average price of $29.14 and a 200 day moving average price of $32.87.

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

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid 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 yield of 3.6%. Mosaic’s payout ratio is 22.80%.

Analysts Set New Price Targets

MOS has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. downgraded shares of Mosaic from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $37.00 to $26.00 in a research report on Tuesday, November 11th. Zacks Research cut Mosaic from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Scotiabank increased their target price on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, UBS Group decreased their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.