Trek Financial LLC Acquires New Stake in The Mosaic Company $MOS

Trek Financial LLC bought a new position in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, Holdings Channel.com reports. The firm bought 95,184 shares of the basic materials company’s stock, valued at approximately $3,472,000.

A number of other institutional investors have also recently made changes to their positions in MOS. First Horizon Advisors Inc. raised its position in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Bangor Savings Bank acquired a new stake in Mosaic during the 2nd quarter valued at approximately $26,000. Rothschild Investment LLC raised its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Mosaic in the 2nd quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MOS shares. Oppenheimer lowered their target price on shares of Mosaic from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Bank of America decreased their price target on Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company initiated coverage on Mosaic in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $28.00 price objective on the stock. CIBC decreased their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.73.

Mosaic Stock Performance

Shares of Mosaic stock opened at $24.39 on Wednesday. The business has a 50-day simple moving average of $28.78 and a 200 day simple moving average of $32.71. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.94 and a beta of 0.94.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.88 annualized dividend and a yield of 3.6%. Mosaic’s dividend payout ratio (DPR) is presently 22.80%.

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.