Generali Asset Management SPA SGR Sells 25,319 Shares of The Mosaic Company $MOS

Key Points

• Generali Asset Management SPA SGR reduced its stake in The Mosaic Company by 36.8% during Q2, selling 25,319 shares and holding 43,420 shares worth approximately $1.58 million at the end of the reporting period.
• Mosaic reported earnings per share of $0.51 for the last quarter, falling short of the consensus estimate of $0.71, alongside a revenue of $3.01 billion.
• The company declared a quarterly dividend of $0.22 per share, representing an annualized yield of 3.0%, with a current dividend payout ratio of 29.83%.

Generali Asset Management SPA SGR lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 36.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,420 shares of the basic materials company's stock after selling 25,319 shares during the period. Generali Asset Management SPA SGR's holdings in Mosaic were worth $1,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. increased its stake 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 valued at $26,000 after purchasing an additional 601 shares during the last quarter. Bangor Savings Bank acquired a new stake in shares of Mosaic during the 2nd quarter valued at $26,000. Allworth Financial LP boosted its holdings in shares of Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in Mosaic during the 2nd quarter worth about $31,000. Finally, Grove Bank & Trust lifted its stake in shares of Mosaic by 88.8% in the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 474 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Trading Down 0.5%

Mosaic stock opened at $29.29 on Friday. The stock has a market cap of $9.30 billion, a P/E ratio of 9.93, a PEG ratio of 0.93 and a beta of 1.00. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm's fifty day moving average price is $33.09 and its 200-day moving average price is $33.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. Mosaic's dividend payout ratio (DPR) is presently 29.83%.

Wall Street Analyst Weigh In

MOS has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday. Scotiabank downgraded Mosaic from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $39.00 to $34.00 in a research note on Friday, October 10th. Royal Bank Of Canada downgraded Mosaic from an "outperform" rating to a "sector perform" rating and set a $30.00 target price on the stock. in a research note on Friday, October 10th. Wall Street Zen downgraded Mosaic from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $43.00 price objective (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.00.

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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