15,230 Shares in The Mosaic Company $MOS Bought by West Michigan Advisors LLC

Key Points

• West Michigan Advisors LLC purchased 15,230 shares of The Mosaic Company, valued at approximately $556,000, during the second quarter.
• The Mosaic Company reported earnings of $0.51 per share for the quarter, falling short of analysts' estimates of $0.71 by $0.20.
• The company announced a quarterly dividend of $0.22 per share, which represents an annualized yield of 3.0%.

West Michigan Advisors LLC bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,230 shares of the basic materials company's stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MOS. Catalyst Capital Advisors LLC increased its position in Mosaic by 1.0% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 59,790 shares of the basic materials company's stock worth $2,181,000 after purchasing an additional 600 shares in the last quarter. Cardinal Point Capital Management ULC acquired a new position in Mosaic in the 2nd quarter worth about $306,000. Bleakley Financial Group LLC boosted its stake in shares of Mosaic by 16.5% during the second quarter. Bleakley Financial Group LLC now owns 116,979 shares of the basic materials company's stock valued at $4,267,000 after purchasing an additional 16,559 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Mosaic by 9.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 70,314 shares of the basic materials company's stock valued at $2,470,000 after buying an additional 5,854 shares during the period. Finally, Journey Advisory Group LLC raised its holdings in Mosaic by 15.7% in the 2nd quarter. Journey Advisory Group LLC now owns 202,693 shares of the basic materials company's stock valued at $7,394,000 after buying an additional 27,486 shares during the last quarter. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Down 0.1%

MOS stock opened at $29.63 on Friday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock has a market cap of $9.40 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.97 and a beta of 1.00. The stock's fifty day simple moving average is $32.89 and its two-hundred day simple moving average is $33.25. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the business posted $0.54 EPS. The business's quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect 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. Investors of record on Monday, September 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, September 8th. Mosaic's payout ratio is currently 29.83%.

Analyst Ratings Changes

A number of research firms have weighed in on MOS. Mizuho set a $34.00 target price on shares of Mosaic in a research report on Monday. UBS Group cut their price target on Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Bank of America cut their target price on Mosaic from $49.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company lowered their price objective on shares of Mosaic from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, October 16th. Finally, Zacks Research downgraded shares of Mosaic from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.23.

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.

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