297,639 The Mosaic Company $MOS Shares Bought by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group increased its Mosaic stake by 84% in the third quarter, purchasing 297,639 shares and bringing its holdings to 651,933 shares valued at approximately $14.1 million. Institutional investors and hedge funds collectively own 77.54% of Mosaic.
• Analysts maintain a broadly neutral view of Mosaic, with an average rating of “Hold” and an average price target of $26.67. Several firms recently reduced their targets, including Mizuho and Barclays, both to $22.
• Mosaic shares opened at $17.89, near their 12-month low of $17.85, after the company reported weaker year-over-year revenue and lower earnings. The company continues to pay a quarterly dividend of $0.22, representing an annualized yield of about 4.9%.

CWA Asset Management Group LLC grew its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 84.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 651,933 shares of the basic materials company's stock after purchasing an additional 297,639 shares during the period. CWA Asset Management Group LLC owned approximately 0.21% of Mosaic worth $14,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Foundation Resource Management Inc. raised its holdings in Mosaic by 1.5% during the third quarter. Foundation Resource Management Inc. now owns 704,998 shares of the basic materials company's stock worth $15,263,000 after purchasing an additional 10,134 shares during the last quarter. Independent Wealth Network Inc. raised its stake in shares of Mosaic by 8.0% during the 3rd quarter. Independent Wealth Network Inc. now owns 11,881 shares of the basic materials company's stock worth $257,000 after buying an additional 885 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Mosaic in the 3rd quarter worth about $677,000. Howard Capital Management LLC boosted its position in shares of Mosaic by 90.4% in the 3rd quarter. Howard Capital Management LLC now owns 300,755 shares of the basic materials company's stock worth $6,511,000 after buying an additional 142,807 shares in the last quarter. Finally, Curated Wealth Partners LLC boosted its position in shares of Mosaic by 61.3% in the 3rd quarter. Curated Wealth Partners LLC now owns 24,570 shares of the basic materials company's stock worth $532,000 after buying an additional 9,339 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Mosaic from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Mizuho cut their target price on shares of Mosaic from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. KeyCorp initiated coverage on shares of Mosaic in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Morgan Stanley reduced their price target on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 30th. Finally, Barclays lowered their price target on shares of Mosaic from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Mosaic currently has an average rating of "Hold" and an average price target of $26.67.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president owned 116,198 shares of the company's stock, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

Mosaic Stock Down 4.9%

MOS opened at $17.89 on Tuesday. 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 stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 5.34 and a beta of 0.91. The business has a 50-day moving average of $22.88 and a two-hundred day moving average of $22.87. The Mosaic Company has a 12 month low of $17.85 and a 12 month high of $32.25.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 5.21% and a positive return on equity of 3.77%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm posted $0.51 EPS. The company's revenue was down 6.0% on a year-over-year basis. On average, research analysts expect that The Mosaic Company will post 0.34 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $0.22 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a yield of 4.9%. Mosaic's dividend payout ratio (DPR) is presently -43.56%.

Mosaic Company Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

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