Cetera Investment Advisers Has $488,000 Position in The Mosaic Company (NYSE:MOS)

Cetera Investment Advisers reduced its stake in shares of The Mosaic Company (NYSE:MOS) by 59.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,864 shares of the basic materials company’s stock after selling 28,526 shares during the quarter. Cetera Investment Advisers’ holdings in Mosaic were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MOS. R Squared Ltd acquired a new position in Mosaic during the fourth quarter worth $33,000. Tobam acquired a new stake in shares of Mosaic in the fourth quarter valued at $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter valued at about $41,000. Ethos Financial Group LLC bought a new position in shares of Mosaic in the fourth quarter valued at about $55,000. Finally, ANTIPODES PARTNERS Ltd lifted its position in Mosaic by 115.1% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,166 shares of the basic materials company’s stock worth $78,000 after buying an additional 1,694 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Up 2.7%

Shares of NYSE:MOS opened at $36.05 on Wednesday. The Mosaic Company has a one year low of $22.36 and a one year high of $36.14. The company has a 50 day moving average of $29.30 and a 200-day moving average of $27.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $0.65 EPS. Mosaic’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio is 75.86%.

Analyst Upgrades and Downgrades

MOS has been the subject of several research reports. Scotiabank restated an “outperform” rating on shares of Mosaic in a research report on Wednesday, May 14th. Mizuho lowered their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company raised their price objective on shares of Mosaic from $28.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Oppenheimer raised their price objective on shares of Mosaic from $33.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, CIBC raised their price objective on shares of Mosaic from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.58.

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.