The Mosaic Company (NYSE:MOS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in The Mosaic Company (NYSE:MOS) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,234 shares of the basic materials company’s stock after selling 1,298 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mosaic were worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Highlander Capital Management LLC grew its holdings in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares during the period. Blue Trust Inc. boosted its stake in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Mosaic during the second quarter valued at about $46,000. Kimelman & Baird LLC purchased a new stake in shares of Mosaic in the 2nd quarter valued at approximately $49,000. Finally, CVA Family Office LLC lifted its holdings in shares of Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of NYSE MOS opened at $26.22 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.35. The stock’s 50-day moving average is $26.44 and its two-hundred day moving average is $27.76. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. Analysts forecast that The Mosaic Company will post 2.11 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. Mosaic’s payout ratio is 74.34%.

Analysts Set New Price Targets

Several analysts recently weighed in on MOS shares. Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Wells Fargo & Company dropped their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Finally, Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.22.

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.