Fiduciary Alliance LLC Buys New Position in The Mosaic Company $MOS

Fiduciary Alliance LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 56,790 shares of the basic materials company’s stock, valued at approximately $1,969,000.

Other institutional investors have also recently made changes to their positions in the company. Ethic Inc. grew its position in Mosaic by 93.8% in the first quarter. Ethic Inc. now owns 24,773 shares of the basic materials company’s stock worth $664,000 after acquiring an additional 11,992 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Mosaic by 583.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,000,298 shares of the basic materials company’s stock valued at $27,018,000 after purchasing an additional 853,862 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Mosaic by 69.2% during the 1st quarter. Wellington Management Group LLP now owns 562,267 shares of the basic materials company’s stock valued at $15,187,000 after purchasing an additional 230,035 shares during the last quarter. Credit Agricole S A raised its holdings in shares of Mosaic by 57.4% during the 1st quarter. Credit Agricole S A now owns 140,916 shares of the basic materials company’s stock valued at $3,806,000 after buying an additional 51,386 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in Mosaic by 15.2% in the 1st quarter. Norinchukin Bank The now owns 17,590 shares of the basic materials company’s stock worth $475,000 after buying an additional 2,323 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

Mosaic stock opened at $23.94 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $7.60 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.58 and a beta of 0.94. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The firm has a 50-day moving average of $26.25 and a 200-day moving average of $31.81.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company posted $0.34 EPS. Mosaic’s quarterly revenue was up 22.8% compared to the same quarter last year. Sell-side analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio (DPR) is presently 22.80%.

Wall Street Analysts Forecast Growth

MOS has been the topic of several research reports. BNP Paribas Exane decreased their price target on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. UBS Group reduced their target price on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. 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. Finally, Bank of America lowered their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.73.

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.