The Mosaic Company (NYSE:MOS) Shares Acquired by Huntington National Bank

Huntington National Bank lifted its holdings in The Mosaic Company (NYSE:MOS) by 85.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,189 shares of the basic materials company’s stock after buying an additional 1,007 shares during the quarter. Huntington National Bank’s holdings in Mosaic were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOS. Highlander Capital Management LLC boosted its position in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares in the last quarter. Blue Trust Inc. boosted its holdings in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the second quarter worth about $46,000. Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the 2nd quarter valued at approximately $49,000. Finally, CVA Family Office LLC boosted its stake in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $25.81 on Tuesday. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The stock’s fifty day simple moving average is $26.38 and its 200-day simple moving average is $27.88. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. Equities research analysts expect that The Mosaic Company will post 2.21 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. Mosaic’s dividend payout ratio is presently 74.34%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MOS. Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Mizuho increased their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.22.

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.