OMERS ADMINISTRATION Corp Lowers Position in The Mosaic Company $MOS

Key Points

• OMERS ADMINISTRATION Corp significantly reduced its stake in The Mosaic Company by 74.1%, now holding 13,578 shares valued at approximately $367,000.
• Mosaic's earnings for the latest quarter missed expectations, reporting $0.51 earnings per share against a consensus estimate of $0.71, while revenue increased by 6.7% year-over-year.
• The company announced a quarterly dividend of $0.22 per share, representing an annualized yield of 2.7%, with the payout scheduled for September 18th.

OMERS ADMINISTRATION Corp cut its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 74.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,578 shares of the basic materials company's stock after selling 38,900 shares during the period. OMERS ADMINISTRATION Corp's holdings in Mosaic were worth $367,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MOS. NBC Securities Inc. bought a new position in shares of Mosaic in the first quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Mosaic in the first quarter valued at approximately $27,000. Allworth Financial LP grew its holdings in shares of Mosaic by 102.3% in the first 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. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter valued at approximately $41,000. Finally, Summit Securities Group LLC bought a new position in shares of Mosaic in the first quarter valued at approximately $64,000. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

Shares of Mosaic stock traded down $0.37 during trading hours on Tuesday, reaching $32.22. The company had a trading volume of 616,624 shares, compared to its average volume of 5,437,763. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The business has a fifty day simple moving average of $34.58 and a 200 day simple moving average of $31.71. 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 $10.22 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results 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). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.54 earnings per share. Mosaic's revenue was up 6.7% on a year-over-year basis. On average, analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, September 8th. Mosaic's dividend payout ratio (DPR) is presently 29.83%.

Wall Street Analysts Forecast Growth

MOS has been the subject of several research reports. Scotiabank reduced their price objective on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a report on Monday, August 11th. Oppenheimer reissued 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. Wall Street Zen raised Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Barclays increased their price objective on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of "Moderate Buy" and an average target price of $36.42.

About Mosaic

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.