Auxier Asset Management Buys 1,365 Shares of The Mosaic Company (NYSE:MOS)

Auxier Asset Management lifted its position in The Mosaic Company (NYSE:MOS) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,960 shares of the basic materials company’s stock after acquiring an additional 1,365 shares during the period. Auxier Asset Management’s holdings in Mosaic were worth $1,659,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report 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 note on Wednesday, November 13th. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Finally, Barclays dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $33.22.

Mosaic Stock Performance

Shares of MOS opened at $25.73 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30. The firm has a fifty day simple moving average of $26.42 and a 200 day simple moving average of $27.68. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.78 and a beta of 1.35.

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

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is 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.