Impact Partnership Wealth LLC Takes Position in The Mosaic Company (NYSE:MOS)

Impact Partnership Wealth LLC bought a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,274 shares of the basic materials company’s stock, valued at approximately $326,000.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in shares of Mosaic by 22.0% during the second quarter. Envestnet Asset Management Inc. now owns 112,664 shares of the basic materials company’s stock valued at $3,256,000 after buying an additional 20,333 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Mosaic by 56.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,595 shares of the basic materials company’s stock valued at $678,000 after purchasing an additional 8,550 shares during the period. Sei Investments Co. raised its holdings in Mosaic by 0.5% in the 2nd quarter. Sei Investments Co. now owns 177,622 shares of the basic materials company’s stock worth $5,133,000 after purchasing an additional 874 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Mosaic by 64.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,463 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 4,884 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Mosaic by 34.9% during the 2nd quarter. Bank of Montreal Can now owns 701,536 shares of the basic materials company’s stock valued at $20,674,000 after purchasing an additional 181,601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 1.9 %

NYSE:MOS opened at $28.24 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm has a market cap of $8.97 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.49 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The firm has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $26.72.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Mosaic’s revenue was down 20.8% on a year-over-year basis. Analysts predict that The Mosaic Company will post 2.05 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.12%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is presently 74.34%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $30.00 to $27.00 in a research note on Tuesday. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Mizuho upped their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.82.

Mosaic 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.