Calamos Wealth Management LLC Takes Position in The Mosaic Company $MOS

Calamos Wealth Management LLC bought a new stake in shares of The Mosaic Company (NYSE:MOS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,957 shares of the basic materials company’s stock, valued at approximately $1,020,000.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mosaic by 36.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company’s stock valued at $1,520,000 after purchasing an additional 14,943 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Mosaic in the 1st quarter worth $1,119,000. Wealth Enhancement Advisory Services LLC increased its holdings in Mosaic by 19.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock worth $1,275,000 after acquiring an additional 7,828 shares in the last quarter. US Bancorp DE increased its holdings in Mosaic by 204.1% in the 2nd quarter. US Bancorp DE now owns 43,080 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 28,912 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in Mosaic by 12.8% in the 1st quarter. Vontobel Holding Ltd. now owns 23,543 shares of the basic materials company’s stock worth $636,000 after acquiring an additional 2,663 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Down 0.5%

Shares of MOS opened at $29.29 on Monday. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $33.09 and its two-hundred day moving average is $33.22. The stock has a market cap of $9.30 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00.

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

Mosaic Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank lowered shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $39.00 to $34.00 in a report on Friday, October 10th. UBS Group cut their price target on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, October 13th. Bank of America cut their price target on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Barclays cut their price target on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. Finally, Royal Bank Of Canada cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 target price on the stock. in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.