360 Financial Inc. Invests $255,000 in The Mosaic Company $MOS

360 Financial Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,000 shares of the basic materials company’s stock, valued at approximately $255,000.

Other large investors have also modified their holdings of the company. Bangor Savings Bank purchased a new stake in shares of Mosaic during the second quarter worth $26,000. Geneos Wealth Management Inc. grew its stake in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares during the period. Allworth Financial LP grew its stake in shares of Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock valued at $31,000 after buying an additional 537 shares during the period. Reyes Financial Architecture Inc. purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $31,000. Finally, Grove Bank & Trust grew its stake in shares of Mosaic by 88.8% in the 2nd quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock valued at $37,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MOS shares. Barclays dropped their price target on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, Scotiabank lowered shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $39.00 to $34.00 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.23.

Mosaic Trading Down 2.7%

Shares of MOS stock opened at $26.51 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a market cap of $8.41 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The company has a 50-day moving average of $32.20 and a two-hundred day moving average of $33.58. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. Mosaic’s dividend payout ratio (DPR) is presently 29.83%.

About Mosaic

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.