Lansing Street Advisors Purchases New Holdings in The Mosaic Company $MOS

Key Points

• Lansing Street Advisors has acquired a new stake of 10,997 shares in The Mosaic Company, valued at around $401,000, according to a recent SEC filing.
• Mosaic reported its quarterly earnings, posting an EPS of $0.51, which fell below analysts' expectations of $0.71, along with revenues of $3.01 billion.
• The company plans to pay a quarterly dividend of $0.22 per share, yielding approximately 2.5%, with a payout ratio of 29.83%.

Lansing Street Advisors purchased a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,997 shares of the basic materials company's stock, valued at approximately $401,000.

Several other institutional investors also recently modified their holdings of MOS. Cambridge Investment Research Advisors Inc. lifted its position in Mosaic by 36.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock worth $1,520,000 after purchasing an additional 14,943 shares during the period. Yousif Capital Management LLC raised its stake in shares of Mosaic by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock valued at $1,436,000 after buying an additional 685 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Mosaic in the first quarter valued at about $1,119,000. Wealth Enhancement Advisory Services LLC increased its stake in Mosaic by 19.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company's stock valued at $1,275,000 after acquiring an additional 7,828 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Mosaic by 12.8% in the first quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company's stock valued at $636,000 after acquiring an additional 2,663 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of Mosaic stock opened at $35.34 on Wednesday. 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 firm has a market cap of $11.22 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.64 and a beta of 1.00. The firm has a 50 day simple moving average of $33.60 and a 200 day simple moving average of $32.95. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 8.35% and a return on equity of 4.74%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. Sell-side analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic's payout ratio is currently 29.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Barclays increased their price objective on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Scotiabank dropped their price objective on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research note on Monday, August 11th. Finally, UBS Group reduced their price target on shares of Mosaic from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.25.

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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