18,257 Shares in The Mosaic Company $MOS Bought by USA Financial Formulas

Key Points

• USA Financial Formulas has purchased 18,257 shares of The Mosaic Company ($MOS), valued at approximately $666,000, marking a new position for the firm in the second quarter.
• Mosaic's latest earnings report showed earnings per share of $0.51, missing analysts' estimates by $0.20, with revenue of $3.01 billion against expectations of $3.11 billion.
• The company has announced a quarterly dividend of $0.22 per share, reflecting an annualized yield of 2.6%, and having a payout ratio of approximately 29.83%.

USA Financial Formulas bought a new position in The Mosaic Company (NYSE:MOS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,257 shares of the basic materials company's stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. NBC Securities Inc. purchased a new position in Mosaic in the first quarter worth $26,000. Geneos Wealth Management Inc. grew its position in Mosaic by 169.3% in the first 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. Bangor Savings Bank purchased a new position in Mosaic in the second quarter worth $26,000. Compagnie Lombard Odier SCmA purchased a new position in Mosaic in the first quarter worth $27,000. Finally, Allworth Financial LP grew its position in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after acquiring an additional 537 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Down 2.4%

Shares of NYSE:MOS opened at $33.85 on Thursday. The stock's 50-day moving average is $33.75 and its 200 day moving average is $32.71. The company has a market cap of $10.74 billion, a PE ratio of 11.47, a P/E/G ratio of 1.61 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. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share 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 business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Mosaic's quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic's payout ratio is presently 29.83%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research note on Monday, July 14th. Wells Fargo & Company lowered their price target on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, August 7th. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Oppenheimer reissued an "outperform" rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Finally, Scotiabank lowered their price target on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Company 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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