Occidental Asset Management LLC Boosts Stock Holdings in The Mosaic Company (NYSE:MOS)

Occidental Asset Management LLC raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 17.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 61,467 shares of the basic materials company’s stock after purchasing an additional 8,974 shares during the period. Occidental Asset Management LLC’s holdings in Mosaic were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MOS. Bornite Capital Management LP purchased a new position in Mosaic during the 1st quarter valued at about $13,300,000. Sei Investments Co. increased its position in Mosaic by 7.2% during the 1st quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock valued at $12,614,000 after purchasing an additional 12,679 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Mosaic by 7.9% in the 1st quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock valued at $1,366,000 after buying an additional 1,507 shares in the last quarter. National Pension Service bought a new stake in shares of Mosaic in the 1st quarter valued at about $30,360,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Mosaic by 55.4% in the 1st quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock valued at $20,749,000 after buying an additional 111,236 shares in the last quarter. Hedge funds and other institutional investors own 84.05% of the company’s stock.

Mosaic Price Performance

NYSE MOS traded down $0.44 on Monday, hitting $37.95. The company had a trading volume of 658,544 shares, compared to its average volume of 4,109,610. The company has a market capitalization of $12.61 billion, a PE ratio of 6.04, a PEG ratio of 1.42 and a beta of 1.52. The company’s fifty day moving average price is $38.98 and its 200-day moving average price is $40.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.53. The Mosaic Company has a 12-month low of $31.44 and a 12-month high of $57.46.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.03). The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Mosaic had a return on equity of 20.21% and a net margin of 12.89%. Mosaic’s revenue was down 36.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.64 EPS. As a group, analysts predict that The Mosaic Company will post 3.89 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.80 annualized dividend and a yield of 2.11%. Mosaic’s dividend payout ratio (DPR) is presently 12.64%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Mosaic from $42.00 to $36.00 in a report on Friday, June 30th. StockNews.com assumed coverage on shares of Mosaic in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays cut shares of Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 price target on the stock. in a report on Monday, August 14th. Wells Fargo & Company lifted their target price on shares of Mosaic from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Finally, HSBC upgraded shares of Mosaic from a “reduce” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $45.71.

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.