WBI Investments LLC Acquires Shares of 18,386 The Mosaic Company $MOS

WBI Investments LLC purchased a new position in shares of The Mosaic Company (NYSE:MOS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,386 shares of the basic materials company’s stock, valued at approximately $638,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. NewEdge Advisors LLC raised its stake in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares in the last quarter. United Services Automobile Association acquired a new stake in Mosaic during the 1st quarter worth approximately $201,000. Empowered Funds LLC grew its holdings in Mosaic by 170.5% during the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock worth $1,463,000 after acquiring an additional 34,151 shares during the last quarter. Woodline Partners LP raised its stake in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

Shares of MOS opened at $27.79 on Thursday. The firm has a market capitalization of $8.82 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.71 and a beta of 0.95. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The stock has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $28.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Equities analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio is presently 52.07%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Oppenheimer set a $35.00 target price on shares of Mosaic in a research note on Friday, January 16th. Weiss Ratings cut shares of Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Mizuho increased their price objective on shares of Mosaic from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group upped their price target on Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.94.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.