Calamos Wealth Management LLC Takes $1.02 Million Position in The Mosaic Company $MOS

Calamos Wealth Management LLC bought a new stake in The Mosaic Company (NYSE:MOS) during the second quarter, Holdings Channel.com reports. The institutional investor bought 27,957 shares of the basic materials company’s stock, valued at approximately $1,020,000.

A number of other large investors also recently bought and sold shares of MOS. GAMMA Investing LLC lifted its position in Mosaic by 45.8% in the first quarter. GAMMA Investing LLC now owns 16,685 shares of the basic materials company’s stock valued at $451,000 after buying an additional 5,241 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Mosaic by 19.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock worth $1,275,000 after buying an additional 7,828 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Mosaic by 41.8% during the first quarter. Exchange Traded Concepts LLC now owns 5,407 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,595 shares during the period. QRG Capital Management Inc. purchased a new stake in shares of Mosaic during the first quarter worth approximately $202,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Mosaic by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 37,209 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MOS. Weiss Ratings restated a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. Scotiabank lowered shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $39.00 to $34.00 in a research note on Friday, October 10th. Wells Fargo & Company cut their target price on shares of Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their price target on Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Mosaic Stock Performance

Shares of MOS opened at $29.29 on Monday. The stock has a 50 day moving average price of $33.09 and a 200 day moving average price of $33.22. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last posted its quarterly earnings data 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). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s dividend payout ratio is presently 29.83%.

Mosaic Company 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.