Mosaic Co (MOS) Holdings Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in shares of Mosaic Co (NYSE:MOS) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,584 shares of the basic materials company’s stock after selling 3,678 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mosaic were worth $1,546,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in Mosaic during the 2nd quarter valued at $115,000. Rehmann Capital Advisory Group lifted its stake in Mosaic by 12,038.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 4,695 shares in the last quarter. Acadian Asset Management LLC bought a new position in Mosaic during the 2nd quarter valued at $144,000. Whittier Trust Co. lifted its stake in Mosaic by 123.2% during the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 1,860 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in Mosaic during the 3rd quarter valued at $175,000. Institutional investors and hedge funds own 74.85% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Citigroup raised their price objective on Mosaic from $31.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Morgan Stanley raised their price objective on Mosaic from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, October 18th. Cowen raised their price objective on Mosaic from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th. Finally, Susquehanna Bancshares raised their price objective on Mosaic from $33.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, August 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $34.00.

In other Mosaic news, Director Luciano Siani Pires bought 2,000 shares of the stock in a transaction dated Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, for a total transaction of $59,360.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $59,360. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

NYSE MOS opened at $31.91 on Friday. The firm has a market cap of $11.73 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 2.50 and a beta of 1.54. Mosaic Co has a one year low of $22.24 and a one year high of $34.01. The company has a current ratio of 1.61, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45.

Mosaic (NYSE:MOS) last released its earnings results on Monday, August 6th. The basic materials company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Mosaic Co will post 1.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Wednesday, December 5th. Mosaic’s payout ratio is 9.17%.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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