Cardinal Point Capital Management ULC Makes New Investment in The Mosaic Company $MOS

Key Points

• Cardinal Point Capital Management has made a new investment in The Mosaic Company by purchasing 8,375 shares valued at approximately $306,000 during the second quarter.
• Despite a decline in earnings per share to $0.51, Mosaic's revenue for the quarter increased 6.7% year-over-year, amounting to $3.01 billion.
• Mosaic recently announced a quarterly dividend of $0.22 per share, resulting in an annualized dividend of $0.88 and a yield of 2.9%.

Cardinal Point Capital Management ULC bought a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,375 shares of the basic materials company's stock, valued at approximately $306,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after purchasing an additional 2,368,094 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Mosaic during the first quarter worth $54,953,000. Truist Financial Corp boosted its stake in Mosaic by 13,275.9% during the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company's stock worth $73,793,000 after buying an additional 2,007,717 shares during the period. GMT Capital Corp purchased a new position in Mosaic during the first quarter worth $47,211,000. Finally, Nuveen LLC purchased a new position in Mosaic during the first quarter worth $33,897,000. Institutional investors own 77.54% of the company's stock.

Mosaic Trading Up 1.2%

Shares of NYSE:MOS opened at $30.00 on Friday. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a market capitalization of $9.52 billion, a PE ratio of 10.17, a PEG ratio of 0.97 and a beta of 1.00. The business has a 50 day moving average of $32.84 and a two-hundred day moving average of $33.30. 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 announced its quarterly earnings results 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 net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The company's revenue was up 6.7% compared to the same quarter last year. As a group, analysts forecast that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic's dividend payout ratio is presently 29.83%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MOS. Weiss Ratings reiterated a "hold (c)" rating on shares of Mosaic in a research report on Wednesday, October 8th. Wall Street Zen lowered Mosaic from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Barclays dropped their price target on Mosaic from $46.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, October 9th. UBS Group dropped their target price on Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Finally, Wells Fargo & Company dropped their target price on Mosaic from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus price target 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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