USA Financial Formulas Acquires Shares of 18,257 The Mosaic Company $MOS

USA Financial Formulas bought a new position in shares of The Mosaic Company (NYSE:MOS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,257 shares of the basic materials company’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Mosaic during the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the period. Bangor Savings Bank bought a new stake in shares of Mosaic during the 2nd quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Mosaic in the 1st quarter worth about $27,000. Finally, Allworth Financial LP increased its stake in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. UBS Group lifted their target price on shares of Mosaic from $45.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Oppenheimer restated an “outperform” rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Wells Fargo & Company reduced their price objective on Mosaic from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Mosaic in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

Mosaic Price Performance

Shares of NYSE:MOS opened at $33.85 on Thursday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. 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 business has a fifty day moving average price of $33.75 and a 200-day moving average price of $32.71. The company has a market capitalization of $10.74 billion, a PE ratio of 11.47, a PEG ratio of 1.61 and a beta of 1.00.

Mosaic (NYSE:MOS) last issued 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). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. Mosaic’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is presently 29.83%.

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.