Lincoln Capital Corp Reduces Stock Holdings in The Mosaic Company $MOS

Lincoln Capital Corp cut its holdings in shares of The Mosaic Company (NYSE:MOS) by 30.0% in the second quarter, HoldingsChannel reports. The firm owned 7,000 shares of the basic materials company’s stock after selling 3,000 shares during the period. Lincoln Capital Corp’s holdings in Mosaic were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Bangor Savings Bank purchased a new position in shares of Mosaic during the 2nd quarter valued at about $26,000. Reyes Financial Architecture Inc. acquired a new stake in Mosaic during the second quarter worth about $31,000. Geneos Wealth Management Inc. boosted its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. NBC Securities Inc. purchased a new stake in Mosaic in the 1st quarter worth approximately $26,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Mosaic stock opened at $33.85 on Wednesday. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The stock has a market cap of $10.74 billion, a P/E ratio of 11.47, a PEG ratio of 1.58 and a beta of 0.99. The company has a 50-day moving average price of $34.12 and a 200 day moving average price of $32.01. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The business had revenue of $3.01 billion during 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%. Mosaic’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Sell-side analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 8th. Mosaic’s dividend payout ratio is currently 29.83%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MOS shares. Scotiabank decreased their target price on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating for the company in a research note on Monday, August 11th. Barclays lifted their price objective on shares of Mosaic from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Zacks Research upgraded Mosaic from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Oppenheimer restated an “outperform” rating and set a $43.00 target price (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.42.

Mosaic Company 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.