The Mosaic Company $MOS Shares Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its holdings in The Mosaic Company (NYSE:MOS) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,777 shares of the basic materials company’s stock after buying an additional 413 shares during the period. Abundance Wealth Counselors’ holdings in Mosaic were worth $827,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Mosaic by 36.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company’s stock worth $1,520,000 after buying an additional 14,943 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Mosaic by 1.3% in the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company’s stock worth $1,436,000 after buying an additional 685 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Mosaic in the 1st quarter worth about $1,119,000. Wealth Enhancement Advisory Services LLC boosted its stake in Mosaic by 19.9% in the 1st 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 last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Mosaic by 12.8% in the 1st quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company’s stock worth $636,000 after buying an additional 2,663 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $34.75 on Friday. The company has a market cap of $11.03 billion, a P/E ratio of 11.78, a PEG ratio of 1.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The business’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $32.77.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 2.5%. Mosaic’s payout ratio is currently 29.83%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MOS shares. Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research upgraded Mosaic from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their price objective on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Wells Fargo & Company cut their price objective on Mosaic from $38.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, August 7th. Finally, UBS Group raised their price objective on Mosaic from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.42.

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.