The Mosaic Company $MOS Shares Sold by Butensky & Cohen Financial Security Inc.

Key Points

• Butensky & Cohen Financial Security Inc. has reduced its stake in The Mosaic Company by 6.3% during the second quarter, now holding 157,254 shares valued at approximately $5.74 million.
• The Mosaic Company reported $0.51 EPS for the last quarter, missing estimates and showing a 6.7% revenue increase year-over-year, totaling $3.01 billion.
• Equities analysts predict a Moderate Buy rating for Mosaic, with an average price target of $36.42, reflecting confidence despite recent earnings misses.

Butensky & Cohen Financial Security Inc. lowered its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,254 shares of the basic materials company's stock after selling 10,611 shares during the quarter. Mosaic makes up about 1.7% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 13th largest holding. Butensky & Cohen Financial Security Inc.'s holdings in Mosaic were worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MOS. Nomura Holdings Inc. acquired a new stake in shares of Mosaic during the fourth quarter worth approximately $257,000. Rafferty Asset Management LLC lifted its stake in Mosaic by 12.1% during the fourth quarter. Rafferty Asset Management LLC now owns 27,572 shares of the basic materials company's stock worth $678,000 after purchasing an additional 2,977 shares during the last quarter. Royal Bank of Canada lifted its stake in Mosaic by 4.2% during the fourth quarter. Royal Bank of Canada now owns 903,184 shares of the basic materials company's stock worth $22,202,000 after purchasing an additional 36,635 shares during the last quarter. Tidal Investments LLC lifted its stake in Mosaic by 5.9% during the fourth quarter. Tidal Investments LLC now owns 41,962 shares of the basic materials company's stock worth $1,031,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Mosaic by 16.0% in the fourth quarter. Vident Advisory LLC now owns 28,642 shares of the basic materials company's stock valued at $704,000 after buying an additional 3,956 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Price Performance

Shares of Mosaic stock opened at $33.97 on Friday. The company's 50-day moving average price is $33.97 and its two-hundred day moving average price is $32.18. The stock has a market cap of $10.78 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. Mosaic's dividend payout ratio (DPR) is currently 29.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays raised their target price on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Scotiabank cut their target price on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 11th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Wells Fargo & Company lowered their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Finally, UBS Group raised their price target on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, 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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