Waverly Advisors LLC Invests $2.24 Million in The Mosaic Company $MOS

Waverly Advisors LLC bought a new stake in The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 105,605 shares of the basic materials company’s stock, valued at approximately $2,238,000.

Several other hedge funds have also recently added to or reduced their stakes in MOS. Thompson Siegel & Walmsley LLC increased its stake in Mosaic by 35.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after buying an additional 785,057 shares during the period. California State Teachers Retirement System raised its position in shares of Mosaic by 22.2% during the 1st quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after buying an additional 66,608 shares in the last quarter. Tejara Capital Ltd acquired a new stake in shares of Mosaic in the 2nd quarter worth approximately $1,301,000. Bank of America Corp DE lifted its stake in shares of Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after acquiring an additional 170,724 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Mosaic in the second quarter valued at approximately $73,112,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 0.7%

Shares of NYSE:MOS opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of -12.48, a PEG ratio of 4.56 and a beta of 0.83. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $36.99. The company has a 50 day moving average price of $23.16 and a 200 day moving average price of $23.81.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. On average, research analysts anticipate that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.5%. Mosaic’s payout ratio is -43.56%.

Wall Street Analyst Weigh In

MOS has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Scotiabank reaffirmed an “outperform” rating and set a $30.00 price target on shares of Mosaic in a research note on Tuesday, May 19th. Freedom Capital cut Mosaic from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 13th. KeyCorp initiated coverage on Mosaic in a research note on Thursday. They issued a “sector weight” rating on the stock. Finally, Mizuho set a $25.00 price objective on Mosaic in a research note on Wednesday, August 5th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.17.

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Mosaic Profile

The Mosaic Company (NYSE:MOS) is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic’s operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.