The Mosaic Company $MOS Holdings Lifted by Carolina Wealth Advisors LLC

Key Points

• Carolina Wealth Advisors LLC increased its stake in The Mosaic Company by 4.4%, now holding 247,647 shares valued at approximately $9 million, making it their 3rd largest position.
• The Mosaic Company reported a missed earnings estimate for Q2, posting $0.51 EPS against a consensus of $0.71, and a revenue of $3.01 billion, lower than the expected $3.11 billion.
• The company announced a quarterly dividend of $0.22 per share, which represents a 2.5% dividend yield with a payout ratio of 29.83%.

Carolina Wealth Advisors LLC raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,647 shares of the basic materials company's stock after purchasing an additional 10,347 shares during the period. Mosaic comprises about 4.5% of Carolina Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest position. Carolina Wealth Advisors LLC owned about 0.08% of Mosaic worth $9,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOS. Boston Partners lifted its holdings in Mosaic by 42.2% in the 1st 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 in the 1st quarter valued at about $54,953,000. Truist Financial Corp lifted its holdings in Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company's stock valued at $73,793,000 after purchasing an additional 2,007,717 shares in the last quarter. GMT Capital Corp purchased a new position in Mosaic in the 1st quarter valued at about $47,211,000. Finally, Nuveen LLC purchased a new position in shares of Mosaic during the 1st quarter worth about $33,897,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Down 0.7%

NYSE MOS opened at $34.52 on Friday. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.60 and a beta of 1.00. The company's 50 day moving average price is $33.65 and its 200 day moving average price is $32.85. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. 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 posted its 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 firm had revenue of $3.01 billion for 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 for the quarter was up 6.7% on a year-over-year basis. On average, sell-side analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MOS shares. Barclays raised their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. UBS Group raised their target price on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company decreased their target price on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Two 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, Mosaic presently 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.

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