Impact Partnership Wealth LLC Buys Shares of 13,274 The Mosaic Company (NYSE:MOS)

Impact Partnership Wealth LLC purchased a new position in The Mosaic Company (NYSE:MOS) during the 4th quarter, Holdings Channel reports. The fund purchased 13,274 shares of the basic materials company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Mosaic by 22.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,664 shares of the basic materials company’s stock worth $3,256,000 after purchasing an additional 20,333 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Mosaic by 56.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 23,595 shares of the basic materials company’s stock worth $678,000 after buying an additional 8,550 shares in the last quarter. Sei Investments Co. raised its stake in shares of Mosaic by 0.5% in the second quarter. Sei Investments Co. now owns 177,622 shares of the basic materials company’s stock worth $5,133,000 after buying an additional 874 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Mosaic by 64.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 12,463 shares of the basic materials company’s stock valued at $360,000 after buying an additional 4,884 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Mosaic by 34.9% during the 2nd quarter. Bank of Montreal Can now owns 701,536 shares of the basic materials company’s stock valued at $20,674,000 after buying an additional 181,601 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MOS shares. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $30.00 to $27.00 in a research report on Tuesday. CIBC initiated coverage on shares of Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Finally, Oppenheimer assumed coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.82.

Mosaic Trading Down 1.9 %

Shares of MOS opened at $28.24 on Friday. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company’s fifty day moving average is $25.78 and its 200 day moving average is $26.72. The stock has a market capitalization of $8.97 billion, a PE ratio of 24.99, a P/E/G ratio of 1.49 and a beta of 1.34.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. Sell-side analysts expect that The Mosaic Company will post 2.05 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a yield of 3.12%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

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.