Metis Global Partners LLC Increases Position in The Mosaic Company $MOS

Metis Global Partners LLC increased its holdings in The Mosaic Company (NYSE:MOS) by 23.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,841 shares of the basic materials company’s stock after purchasing an additional 6,705 shares during the quarter. Metis Global Partners LLC’s holdings in Mosaic were worth $1,271,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MOS. First Horizon Advisors Inc. lifted its position in shares of Mosaic by 172.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares in the last quarter. Bangor Savings Bank acquired a new position in Mosaic during the second quarter worth $26,000. Geneos Wealth Management Inc. lifted its holdings 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 purchasing an additional 601 shares in the last quarter. Allworth Financial LP grew its position 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 during the period. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Mosaic during the second quarter worth about $31,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MOS shares. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Wells Fargo & Company lowered their price target on Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 16th. CIBC dropped their price target on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday. Mizuho set a $34.00 price objective on Mosaic in a report on Monday, October 20th. Finally, Scotiabank lifted their target price on shares of Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.15.

Mosaic Stock Performance

NYSE MOS opened at $25.91 on Tuesday. 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 stock’s fifty day moving average is $31.57 and its two-hundred day moving average is $33.51. The firm has a market capitalization of $8.22 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 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 22.8% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. On average, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is presently 22.80%.

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.