Garner Asset Management Corp Trims Stake in The Mosaic Company $MOS

Garner Asset Management Corp cut its position in The Mosaic Company (NYSE:MOS) by 33.0% in the second quarter, Holdings Channel reports. The firm owned 14,258 shares of the basic materials company’s stock after selling 7,023 shares during the period. Garner Asset Management Corp’s holdings in Mosaic were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in Mosaic in the second quarter valued at approximately $2,460,000. Russell Investments Group Ltd. increased its holdings in shares of Mosaic by 6.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,195,336 shares of the basic materials company’s stock valued at $43,603,000 after acquiring an additional 73,749 shares during the period. Prudential Financial Inc. increased its holdings in shares of Mosaic by 16.1% in the 2nd quarter. Prudential Financial Inc. now owns 222,526 shares of the basic materials company’s stock valued at $8,118,000 after acquiring an additional 30,793 shares during the period. Coldstream Capital Management Inc. raised its position in Mosaic by 712.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 55,648 shares of the basic materials company’s stock valued at $2,030,000 after purchasing an additional 48,796 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mosaic by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,662,814 shares of the basic materials company’s stock worth $133,619,000 after purchasing an additional 67,362 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $24.28 on Thursday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.94 and a beta of 1.00. The business’s 50 day moving average is $29.53 and its two-hundred day moving average is $32.99. The Mosaic Company has a 12-month low of $22.36 and a 12-month 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) last posted its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. Research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. Mosaic’s dividend payout ratio is 22.80%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MOS shares. UBS Group dropped their price objective on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Zacks Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Wells Fargo & Company assumed coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price objective for the company. Scotiabank boosted their target price on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.08.

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.