Applied Finance Capital Management LLC Has $299,000 Stock Holdings in The Mosaic Company $MOS

Applied Finance Capital Management LLC boosted its position in The Mosaic Company (NYSE:MOS) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,196 shares of the basic materials company’s stock after buying an additional 472 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Mosaic were worth $299,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MOS. Geneos Wealth Management Inc. grew its stake in Mosaic by 169.3% in the first 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 in the last quarter. Bangor Savings Bank bought a new position in Mosaic in the second quarter valued at approximately $26,000. Allworth Financial LP grew its stake in Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in Mosaic in the second quarter valued at approximately $31,000. Finally, Grove Bank & Trust grew its stake in Mosaic by 88.8% in the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 474 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MOS has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. UBS Group decreased their price target on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 13th. 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 research note on Tuesday, October 14th. Wells Fargo & Company reduced their target price on Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Mosaic currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Mosaic Stock Performance

Shares of NYSE MOS opened at $29.29 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The stock has a 50 day moving average of $33.09 and a 200-day moving average of $33.17. The company has a market capitalization of $9.30 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.93 and a beta of 1.00.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 3.0%. Mosaic’s payout ratio is 29.83%.

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.