Oxbow Advisors LLC Lowers Stock Holdings in The Mosaic Company $MOS

Key Points

• Oxbow Advisors LLC reduced its stake in The Mosaic Company by 16.6%, selling 34,812 shares and owning 175,449 shares worth approximately $6.4 million as of the end of the second quarter.
• Analysts have been lowering their price targets for Mosaic, with Bank of America reducing its target from $49.00 to $43.00, while Zacks Research downgraded the stock from a "strong-buy" to a "hold" rating.
• Mosaic reported earnings of $0.51 per share for the most recent quarter, missing analyst estimates, and the company declared a quarterly dividend of $0.22 per share, resulting in a 3.0% dividend yield.

Oxbow Advisors LLC lessened its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,449 shares of the basic materials company's stock after selling 34,812 shares during the quarter. Oxbow Advisors LLC owned about 0.06% of Mosaic worth $6,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MOS. Bangor Savings Bank purchased a new position in Mosaic during the 2nd quarter worth $26,000. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock worth $26,000 after acquiring an additional 601 shares during the period. Allworth Financial LP raised its holdings in Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Mosaic in the 2nd quarter valued at approximately $31,000. Finally, Grove Bank & Trust increased its position in Mosaic by 88.8% during the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company's stock worth $37,000 after purchasing an additional 474 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America reduced their price target on Mosaic from $49.00 to $43.00 and set a "buy" rating for the company in a report on Tuesday. Barclays decreased their target price on shares of Mosaic from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, October 9th. Wall Street Zen downgraded shares of Mosaic from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. UBS Group decreased their price objective on shares of Mosaic from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday. Finally, Zacks Research lowered shares of Mosaic from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $35.00.

Mosaic Stock Down 1.2%

Shares of NYSE MOS opened at $29.43 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 $9.34 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. 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's 50-day moving average is $33.14 and its two-hundred day moving average is $33.10.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share 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 business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the business earned $0.54 earnings per share. The company's revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic's dividend payout ratio (DPR) is presently 29.83%.

Mosaic Company 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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