105,605 Shares in The Mosaic Company $MOS Purchased by Waverly Advisors LLC

Key Points

• Waverly Advisors purchased 105,605 Mosaic shares worth approximately $2.24 million during the second quarter. Institutional investors collectively own 77.54% of the company.
• Mosaic reported quarterly earnings of $0.13 per share, slightly above expectations, but revenue fell 6% year over year to $2.82 billion, below analyst estimates.
• The company declared a quarterly dividend of $0.22 per share, equating to an annualized $0.88 payout and a 3.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $27.17.

Waverly Advisors LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 105,605 shares of the basic materials company's stock, valued at approximately $2,238,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after acquiring an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic in the 2nd quarter valued at approximately $31,000. SJS Investment Consulting Inc. increased its holdings in shares of Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 525 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Mosaic during the 2nd quarter valued at approximately $32,000. Finally, Gen Wealth Partners Inc bought a new position in Mosaic during the fourth quarter worth $32,000. 77.54% of the stock is owned by institutional investors.

Insider Activity at Mosaic

In related news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.31% of the company's stock.

Mosaic Trading Down 0.7%

NYSE:MOS opened at $25.21 on Friday. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $36.99. The firm has a market capitalization of $8.02 billion, a P/E ratio of -12.48, a P/E/G ratio of 4.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The business has a 50 day simple moving average of $23.16 and a 200 day simple moving average of $23.81.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. Equities research analysts predict that The Mosaic Company will post 0.54 EPS for the current year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. Mosaic's dividend payout ratio is currently -43.56%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho set a $25.00 price objective on shares of Mosaic in a report on Wednesday, August 5th. Berenberg Bank dropped their target price on shares of Mosaic from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Tuesday, May 19th. Barclays reduced their price target on shares of Mosaic from $31.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Monday, May 18th. Freedom Capital lowered shares of Mosaic from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, August 13th. Finally, BMO Capital Markets lowered their price objective on shares of Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.17.

About Mosaic

The Mosaic Company NYSE: MOS is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic's operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.