The Mosaic Company (NYSE:MOS) Stock Position Decreased by Commerce Bank

Commerce Bank decreased its position in The Mosaic Company (NYSE:MOS) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,670 shares of the basic materials company’s stock after selling 1,218 shares during the quarter. Commerce Bank’s holdings in Mosaic were worth $473,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in shares of Mosaic by 37.4% during the 1st quarter. Lazard Asset Management LLC now owns 16,803 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 4,574 shares during the last quarter. Bayesian Capital Management LP bought a new stake in Mosaic in the first quarter worth $386,000. Janus Henderson Group PLC increased its position in Mosaic by 7.6% during the first quarter. Janus Henderson Group PLC now owns 196,328 shares of the basic materials company’s stock worth $6,372,000 after buying an additional 13,898 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Mosaic by 681.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 72,390 shares of the basic materials company’s stock valued at $2,577,000 after buying an additional 63,129 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Mosaic by 1.3% in the first quarter. California State Teachers Retirement System now owns 568,032 shares of the basic materials company’s stock worth $18,438,000 after buying an additional 7,497 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MOS. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Wells Fargo & Company dropped their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. One 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Stock Performance

NYSE MOS opened at $25.40 on Wednesday. The company’s fifty day moving average is $26.45 and its two-hundred day moving average is $27.73. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30.

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 the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue was down 20.8% on a year-over-year basis. Equities research analysts forecast that The Mosaic Company will post 2.11 EPS for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 dividend on an annualized basis and a yield of 3.31%. Mosaic’s dividend payout ratio is currently 74.34%.

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.