The Mosaic Company $MOS Shares Sold by Hourglass Capital LLC

Key Points

• Hourglass Capital LLC reduced its stake in The Mosaic Company by 39.9%, owning 33,100 shares after selling 22,000 shares in the second quarter.
• The company reported $0.51 earnings per share in its latest earnings report, missing the consensus estimate of $0.71.
• Mosaic has a dividend yield of 3.0% with a recent quarterly dividend payment of $0.22 per share and a payout ratio of 29.83%.

Hourglass Capital LLC lowered its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 39.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,100 shares of the basic materials company's stock after selling 22,000 shares during the quarter. Hourglass Capital LLC's holdings in Mosaic were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank acquired a new stake in shares of Mosaic during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. Allworth Financial LP lifted 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 purchasing an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new stake in shares of Mosaic during the second quarter worth $31,000. Finally, Grove Bank & Trust increased its position in Mosaic by 88.8% during the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company's stock worth $37,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Down 0.5%

Shares of MOS stock opened at $29.80 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm's 50-day moving average is $33.19 and its 200-day moving average is $33.09. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.46 and a beta of 1.00. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The company 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 revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. Sell-side analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on MOS. Wall Street Zen downgraded shares of Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Zacks Research downgraded Mosaic from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. Wells Fargo & Company decreased their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Finally, Bank of America cut their price target on shares of Mosaic from $49.00 to $43.00 and set a "buy" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.15.

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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