Nkcfo LLC Takes Position in The Mosaic Company $MOS

Nkcfo LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 49,100 shares of the basic materials company’s stock, valued at approximately $1,791,000. Mosaic accounts for approximately 0.7% of Nkcfo LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cresset Asset Management LLC bought a new position in Mosaic in the 2nd quarter worth approximately $333,000. Gateway Wealth Partners LLC purchased a new position in shares of Mosaic in the second quarter worth $215,000. CMC Financial Group bought a new position in shares of Mosaic during the second quarter worth $285,000. Amundi boosted its position in shares of Mosaic by 36.8% during the second quarter. Amundi now owns 3,129,300 shares of the basic materials company’s stock worth $118,319,000 after acquiring an additional 842,201 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Mosaic by 218.0% during the second quarter. Marshall Wace LLP now owns 849,896 shares of the basic materials company’s stock valued at $31,004,000 after acquiring an additional 582,664 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 2.0%

Shares of NYSE MOS opened at $23.62 on Friday. 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 0.40. The business’s 50 day moving average is $28.10 and its two-hundred day moving average is $32.51. The stock has a market capitalization of $7.50 billion, a P/E ratio of 6.12, a PEG ratio of 0.58 and a beta of 0.94.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.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. As a group, research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

Analyst Ratings Changes

Several analysts have commented on the stock. HSBC decreased their price target on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Oppenheimer decreased their target price on Mosaic from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a research note on Monday. Royal Bank Of Canada raised Mosaic from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 4th. Finally, BNP Paribas Exane decreased their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus price target of $32.60.

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.