The Mosaic Company (NYSE:MOS) Position Trimmed by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in The Mosaic Company (NYSE:MOS) by 39.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,465 shares of the basic materials company’s stock after selling 64,497 shares during the period. Edgestream Partners L.P.’s holdings in Mosaic were worth $2,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MOS. Blue Trust Inc. lifted its stake in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Mosaic in the 2nd quarter valued at $46,000. Larson Financial Group LLC increased its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Mosaic during the 2nd quarter worth about $49,000. Finally, CVA Family Office LLC increased its stake in Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MOS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Mizuho upped their price objective on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company reduced their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Barclays decreased their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.22.

Mosaic Stock Performance

Shares of MOS stock opened at $27.58 on Tuesday. The Mosaic Company has a one year low of $24.11 and a one year high of $38.30. The firm has a 50-day moving average of $26.49 and a 200-day moving average of $27.60. The company has a market cap of $8.76 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.83 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.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue was down 20.8% on a year-over-year basis. Equities research analysts forecast that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.

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.